Fitell Corp
FTEL
Market cap $18.3M

0.9111 USD

+0.0109

1.21%

At close Feb 21, 4:00 PM EST

After hours

0.9397

+0.0286

3.14%

1 day

1.21%

5 days

0.12%

1 month

-90.82%

3 months

-96.18%

6 months

-93.67%

Year to date

-90.56%

1 year

-69.22%

5 years

-81.96%

10 years

-81.96%

About: Fitell Corp engages in primary operations of selling gym and fitness equipment in Australia through its indirectly held wholly owned subsidiaries. It operates in two segments: online fitness equipment distribution and licensing business to service the large and growing boutique fitness sector of the broader health and fitness club industry. The majority fitness equipment business is conducted in Australia via its own e-commerce platform and, through third-party sites. Licensing service offers a turnkey solution for personal training studios and commercial gym chains. The company earns maximum of revenue for retail.

Employees: 15

0

Funds holding %

of 7,139 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

200% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 2

133% more funds holding

Funds holding: 3 [Q3] → 7 (+4) [Q4]

104% more capital invested

Capital invested by funds: $370K [Q3] → $756K (+$386K) [Q4]

0.23% more ownership

Funds ownership: 0.2% [Q3] → 0.43% (+0.23%) [Q4]

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Research analyst outlook

We haven’t received any recent analyst ratings for FTEL.

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Financial journalist opinion

Based on 3 articles about FTEL published over the past 30 days

Fitell Corporation Announces Closing of Registered Direct Offering for up to $10.0 Million

$4.0 million upfront with up to an additional $6.0 million of gross proceeds upon the exercise in full for cash of warrants TAREN POINT, Australia, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (Nasdaq: FTEL) (“Fitell” or the “Company”), an online retailer of gym and fitness equipment in Australia, today announced the closing of its previously announced registered direct offering of 796,813 ordinary shares and an additional investment right to purchase up to 1,195,220 ordinary shares in the form of warrants, at a purchase price of $5.02 per ordinary share and associated warrant. The warrants have an exercise price of $5.02 per share, are exercisable immediately upon issuance and expire three years following the issuance date.

Fitell Corporation Announces Closing of Registered Direct Offering for up to $10.0 Million

Fitell Corporation Announces Updated Registered Direct Offering for up to $10.0 Million

$4.0 million upfront with up to an additional $6.0 million of gross proceeds upon the exercise in full for cash of warrants

Fitell Corporation Announces Updated Registered Direct Offering for up to $10.0 Million

Fitell Corporation Announces $10.0 Million Registered Direct Offering

TAREN POINT, Australia, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (Nasdaq: FTEL) (“Fitell” or the “Company”), an online retailer of gym and fitness equipment in Australia, today announced that it has entered into a definitive agreement with an institutional investor for the issuance and sale in a registered direct offering of an aggregate of 1,992,032 ordinary shares and warrants to purchase up to 1,992,032 ordinary shares, at a purchase price of $5.02 per ordinary share and associated warrant. The warrants will have an exercise price of $5.02 per share, will be exercisable immediately upon issuance and will expire five years following the issaunce date. The offering is expected to close on or about February 10, 2025, subject to the satisfaction of customary closing conditions.

Fitell Corporation Announces $10.0 Million Registered Direct Offering

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Fitell Corporation Announces First Half-Year Financial Results

TAREN POINT, Australia, March 05, 2024 (GLOBE NEWSWIRE) -- Fitell Corporation (Nasdaq: FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, today announced its half-year financial results for the six months ended December 31, 2023.

Fitell Corporation Announces First Half-Year Financial Results

Fitell Corporation Announces Private Placement of US$3.6 Million of Senior Unsecured Convertible Notes

TAREN POINT, Australia, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Fitell Corporation (Nasdaq: FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, announced that the Company entered into a securities purchase agreement (the “Purchase Agreement”) with an investor on January 15, 2024. Pursuant to the Purchase Agreement filed with the Securities Exchange Commission on Form 6-K, the Company issued to the investor a three-year senior unsecured convertible promissory note in the principal amount of US$3,600,000 for the funding amount of US$3,312,000. This placement is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

Fitell Corporation Announces Private Placement of US$3.6 Million of Senior Unsecured Convertible Notes

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