FTRS
Futuris Company0.0130
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.10MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
8-K
Futuris sells $420K note
Futuris Company completed the sale of a $420,000 promissory note to AJB Capital Investments on April 19, 2021, netting $367,500 after fees for working capital needs. The note carries 12% interest, matures December 18, 2021, and converts post-default at a discount to recent trading prices, secured by company assets. It issued 1,300,000 common shares as a $325,000 commitment fee, with potential additional shares if sales fall short. This financing bolsters liquidity but risks dilution and asset liens.
8-K
Futuris acquires CDI for $4.5M plus earnout
Futuris Company completed its acquisition of Computer Deductions, Inc. on April 26, 2021, via a stock purchase agreement signed March 20, 2021. Sellers receive $2.5 million in cash, $1 million in promissory notes, and $1 million in common stock based on the 10-day average closing price, plus an earnout at 20% of EBITDA exceeding $799,000 for 2021-2023. This bolsters Futuris's portfolio with CDI's operations. Earnout hinges on audited results.
8-K
Common shares slashed 93%
Futuris Company slashed its outstanding common shares by nearly 93%, from 288,602,964 to 20,442,964, via a bold redemption swap. In exchange, it issued 273,000 shares of new Series M Preferred Stock on January 21, 2021, each convertible into 1,000 common shares but carrying no voting rights. This restructuring streamlines the capital base. Yet dilution looms upon conversion.
8-K
Futuris acquires TalentBeacon entities
Futuris Company completed acquisitions of TalentBeacon HR Solutions Private Limited and TalentBeacon LLC on October 15 and 16, 2020, respectively, gaining 100% ownership of their assets and liabilities. Consideration includes $800,000 and $880,000 in common stock at ~$0.20 per share, plus tiered earn-outs of 25%, 20%, and 15% of net profits over three years, with a 24-month share buyback option. In September 2020, the board appointed CPA Larry Gaffey, leveraging his 40+ years of financial expertise to bolster reporting and analysis. This bolsters Futuris's HR tech footprint in India and the US, yet earn-outs hinge on performance.
8-K
Reverse merger completes control change
Futuris Company completed a reverse merger on June 29, 2020, with Futuris Technology Services, Inc., issuing 825,071,050 common shares to new equity holders for 95.38% ownership, while MISM acquired all of Futuris as a wholly owned subsidiary. The company renamed itself Futuris Company on July 27, 2020, and enacted a 1-for-3 reverse stock split effective August 20, 2020, reducing outstanding common shares to 288,352,964. This shift hands control to new stakeholders. Transaction details are in the filed agreement.
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