VivoPower International PLC Files Amendment No. 3 to Annual Report

TL;DR

<b>VivoPower International PLC has filed an amendment to its 2023 annual report, detailing its ordinary shares traded on Nasdaq and outstanding share count.</b>

AI Summary

VivoPower International PLC (VVPR) filed a Amended Foreign Annual Report (20-F/A) with the SEC on March 20, 2024. Filing is an amendment (No. 3) to the annual report on Form 20-F for the fiscal year ended June 30, 2023. The company's ordinary shares, nominal value $0.012 per share, are registered and traded on The Nasdaq Capital Market under the symbol VVPR. As of June 30, 2023, there were 25,788,260 ordinary shares outstanding. The principal executive offices are located at The Scalpel, 18th Floor, 52 Lime Street, London EC3M 7AF, United Kingdom. Kevin Chin is listed as the Chief Executive Officer with a contact telephone number of +44-203-667-5158.

Why It Matters

For investors and stakeholders tracking VivoPower International PLC, this filing contains several important signals. This amendment provides updated or corrected information for the fiscal year ended June 30, 2023, which is crucial for investors to have the most current data on the company's status and share structure. The filing confirms the company's listing on The Nasdaq Capital Market, a key exchange for its ordinary shares (VVPR), indicating its public trading status and accessibility to investors.

Risk Assessment

Risk Level: low — VivoPower International PLC shows low risk based on this filing. The filing is an amendment to a previous annual report, suggesting it's for clarification or correction rather than indicating new material negative events.

Analyst Insight

Review the specific amendments in this 20-F/A filing to understand any changes or clarifications made to VivoPower International PLC's financial or operational disclosures for the fiscal year ended June 30, 2023.

Key Numbers

• 2023-06-30 — Fiscal Year End (The period covered by the annual report.)
• 25,788,260 — Ordinary Shares Outstanding (As of the close of the period covered by the annual report.)
• 001-37974 — SEC File Number (Commission file number for VivoPower International PLC.)
• VVPR — Trading Symbol (Symbol for Ordinary Shares on Nasdaq.)

Key Players & Entities

• VivoPower International PLC (company) — Registrant name
• 20-F/A (filing) — Form type
• June 30, 2023 (date) — Fiscal year end
• 25,788,260 (dollar_amount) — Ordinary Shares outstanding as of June 30, 2023
• VVPR (company) — Trading Symbol on Nasdaq
• The Nasdaq Capital Market (company) — Exchange where ordinary shares are registered
• Kevin Chin (person) — Chief Executive Officer
• +44-203-667-5158 (phone) — Contact phone number for CEO

FAQ

Key Dates

• 2023-06-30: Fiscal Year End — Marks the end of the reporting period for the annual report.
• 2024-03-20: Filing Date — Date the Form 20-F/A was filed with the SEC.

Key Financial Figures

• $0.012 — istered Ordinary Shares, nominal value $0.012 per share VVPR The Nasdaq Capital M
• $15.1 m — operations) generated total revenue of $15.1 million, gross loss of $2.3 million, oper
• $2.3 m — revenue of $15.1 million, gross loss of $2.3 million, operating loss of $15.3 million
• $15.3 million — loss of $2.3 million, operating loss of $15.3 million and a net loss of $22.4 million. Of the
• $22.4 million — loss of $15.3 million and a net loss of $22.4 million. Of these amounts, continuing operation
• $11.1 million — loss of $2.3 million, operating loss of $11.1 million and a net loss of $18.1 million. For th
• $18.1 million — loss of $11.1 million and a net loss of $18.1 million. For the year ended June 30, 2022, the
• $37.6 m — operations) generated total revenue of $37.6 million, gross profit of $1.6 million, op
• $1.6 m — venue of $37.6 million, gross profit of $1.6 million, operating loss of $15.1 million
• $15.1 million — ofit of $1.6 million, operating loss of $15.1 million and a net loss of $22.1 million. Of the
• $22.1 million — loss of $15.1 million and a net loss of $22.1 million. Of these amounts, continuing operation
• $22.4 m — tions of the Group generated revenue of $22.4 million, gross profit of $0.3 million, op
• $0.3 m — venue of $22.4 million, gross profit of $0.3 million, operating loss of $14.5 million
• $14.5 million — ofit of $0.3 million, operating loss of $14.5 million and a net loss of $21.4 million, includ
• $21.4 m — loss of $14.5 million and a net loss of $21.4 million, including $0.5 million prior yea

Filing Documents

• vpip20230630d_20fa.htm (20-F/A) — 812KB
• ex_636334.htm (EX-12.1) — 9KB
• ex_636335.htm (EX-12.2) — 9KB
• ex_636336.htm (EX-13.1) — 5KB
• ex_636337.htm (EX-13.2) — 5KB
• 0001437749-24-008717.txt (&nbsp;) — 1020KB
• vvpr-20230630.xsd (EX-101.SCH) — 3KB
• vvpr-20230630_def.xml (EX-101.DEF) — 9KB
• vvpr-20230630_lab.xml (EX-101.LAB) — 11KB
• vvpr-20230630_pre.xml (EX-101.PRE) — 9KB
• vpip20230630d_20fa_htm.xml (XML) — 2KB

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No Table of Contents EXPLANATORY NOTE VivoPower International PLC (the "Company" or "our") is filing this Amendment No. 3 on Form 20-F/A (this "Amendment") to its Annual Report on Form 20-F for the year ended June 30, 2023, which was initially filed with the Securities and Exchange Commission on October 2, 2023 and amended by Amendment No. 1 on Form 20-F/A on October 6, 2023 and Amendment No. 2 on Form 20-F/A on February 21, 2024 (as so amended, the "Original Filing"), in response to comments received from the U.S. Securities and Exchange Commission (the "SEC"). As required by Rule 12b-15 of the Securities and Exchange Act of 1934, as amended, the Company is also filing or furnishing the certifications required under Section 302 and Section 906 of the Sarbanes-Oxley Act of 2002 as exhibits to this Amendment. Except for the matters described above, this Amendment does not modify or update disclosures in, or exhibits to, the Original Filing. TABLE OF CONTENTS PART I 1

Operating and Financial Review and Prospects

Item 5. Operating and Financial Review and Prospects 1 A. Operating Results 1 B. Liquidity and Capital Resources 12 C. Research and Development, Patents, Licenses, etc. 16 D. Trend Information 16 E. Critical Accounting Estimates 16 Part III

Exhibits

Item 19. Exhibits 18 Table of Contents

OPERATING AND FINANCIAL REVIEW AND PROSPECTS

ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS The following discussion and analysis of our financial condition and results of our operations should be read in conjunction with our audited consolidated financial statements and the related notes included elsewhere in this Annual Report. This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in the forward-looking statements as a result of numerous factors, including, but not limited to, the risks discussed in this Annual Report in " Item 3. Key Information - D. Risk Factors " or in other parts of this Annual Report. Our audited consolidated financial statements included elsewhere in this Annual Report are prepared in accordance with IFRS, as issued by the International Accounting Standards Board and are presented in U.S. dollars. Note, results reported in years ended June 30, 2022 and 2021 have been adjusted to exclude the results of the ex-solar operations of Aevitas Solar and shown as a single line item in the income statement after profit after tax. Details of results for discontinued operations are included in Note 22 to the financial statements. A. Operating Results Overview Year Ended June 30 2023 2022 (restated) 2021 (US dollars in thousands) Continuing Discontinued Total Continuing Discontinued Total Continuing Discontinued Total Revenue from contracts with customers 15,060 - 15,060 22,448 15,168 37,616 23,975 16,436 40,411 Cost of sales (13,472 ) - (13,472 ) (20,308 ) (13,842 ) (34,150 ) (19,614 ) (14,470 ) (34,084 ) Cost of sales - non-recurring events (3,850 ) - (3,850 ) (1,881 ) - (1,881 ) - - - Gross profit (2,262 ) - (2,262 ) 259 1,326 1,585 4,361 1,966 6,327 General and administrative expenses (7,620 ) - (7,620 ) (13,811 ) (1,485 ) (15,296 ) (9,651 )

View Full Filing

View this 20-F/A filing on SEC EDGAR