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Beonic Ltd ASX:BEO

1 opened or increased0 held0 reduced or exitedlatest position by manager, past 12 months90 days: 1 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

20 Apr 2026 to today

Commentary Showing 2 of 3

DateManagerActionSummary

30 Sep 2026DMX Asset ManagementInitiatedDMX Asset Management recently re-established a position in Beonic (ASX:BEO), noting the shares rose 47% in September 2026. DMX highlights that the gain occurred on light trading volume, reflecting the very small size of the company, and that Beonic was among the smaller positions that made positive contributions to the DMX Australian Shares Fund during a relatively weak month for the broader market.

Monthly Report, price recorded $0.11

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30 Jun 2026DMX Asset ManagementIncreasedDMX Asset Management materially increased its position in Beonic during the month by participating in the company's rights issue, becoming a substantial shareholder, after several years of holding the stock through what the manager describes as a real test of patience, encouraged by recent progress. The manager describes Beonic as an AI-powered SaaS platform helping large physical venues understand and respond to how people move through their spaces, noting CEO Billy Tucker, who joined in 2023, has stabilised the business and rationalised its cost base and is now focused on growing revenue, highlighted by its largest-ever contract, a $10.6 million Moroccan Airports programme. With EBITDA of $2.8 million for the nine months to date, DMX sees a credible path to an EBITDA run rate approaching $5 million in FY27, and considers $4.3 million in convertible notes held by directors and existing shareholders, including itself, as aligned capital, viewing the setup as attractive for a global SaaS business given its ARR approaching $18 million against an $8 million market cap and $12 million enterprise value.

Monthly Report, price recorded $0.07

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Price at first mentionThe share price recorded when each of 1 managers first commented on BEO.

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About Beonic Ltd

Information Technology, Software

Beonic (ASX:BEO), a data analytics and venue intelligence software company, is finally rewarding DMX Asset Management's patience. In June 2026, DMX said Beonic had been in its portfolio for several years and proved a real test of patience, but encouraging signs are now emerging. In April 2026, DMX reported year-to-date EBITDA of $2.8 million, up 300%, with Beonic expecting to exit FY26 with higher annual recurring revenue. Beonic operates in the Information Technology sector within the Software industry, and Thesis Tracker has captured 2 comments from 1 fund manager, DMX Asset Management. Beonic, formerly Skyfii, develops and commercialises data applications and software that combine people-counting sensors, Wi-Fi analytics, video and marketing tools to help shopping centres, airports, universities and venues understand visitor behaviour and optimise operations, serving customers across Australia, the Middle East, Europe and the Americas, with a growing base of recurring subscription revenue.

Market cap: $11m
Price to earnings: Loss-making
Return on equity: -98.0%
Dividend yield: 0.0%
Price to book: 2.55x
Net margin: -6.7%
52-week range: $0.06 to $0.21

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Beonic Ltd (ASX:BEO)?

Fund managers including DMX Asset Management have invested in Beonic Ltd (ASX:BEO).

What opportunities or catalysts do fund managers highlight for Beonic Ltd?

DMX highlights a 300% increase in year-to-date EBITDA and growing annual recurring revenue, suggesting the business is turning a corner.

What are the key risks to the Beonic Ltd investment thesis, according to fund managers?

DMX acknowledges Beonic has tested its patience over several years, reflecting a history of slow progress for a small software company.

What does Beonic Ltd (ASX:BEO) do?

Beonic Ltd develops and commercialises data applications and software solutions. The company provides wireless local area networking, data analytics, marketing and advertising services. It operates across three geographic segments: APAC, Americas and EMEA. Founded by Wayne Gordon Arthur in 1987, Beonic Ltd is headquartered in Sydney, Australia.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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