Fitell Corp
FTEL

$15.37

8.62%

Market Cap: 309M

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.

Employees: 15

0

Funds holding %

of 6,702 funds

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Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1,691% more capital invested

Capital invested by funds: $17.5K [Q4 2023] → $313K (+$296K) [Q1 2024]

300% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 1

150% more funds holding

Funds holding: 2 [Q4 2023] → 5 (+3) [Q1 2024]

0.26% more ownership

Funds ownership: 0.1% [Q4 2023] → 0.36% (+0.26%) [Q1 2024]

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Research analyst outlook

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

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Financial journalist opinion

Stock Ideas Amid Investor Optimism

The latest Investopedia survey shows that investors' optimism is rising. Readers are as optimistic about the stock market as they've been in the past 12 months, notes Caleb Silver.

Stock Ideas Amid Investor Optimism

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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