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Linius Technologies ( (AU:IOV) ) has shared an announcement.
Ion Video Limited has reported substantial progress in its turnaround, with a major restructuring to be completed by the end of January 2026 and a formal relaunch of the ION Video brand and technology slated for 9 February 2026. Under new major shareholders and management, the company has aggressively reduced trade and other payables from $2.2 million to about $280,000, restructured its balance sheet via early conversion of convertible notes to save interest costs, and raised $2.95 million in new capital, 41% of which was contributed by directors and management. The entire technology team has been rebuilt and relocated to Melbourne, enabling tighter alignment of the platform with Ion’s core patents and access to higher-rate Australian R&D refunds, while performance-based equity incentives and the removal of external engineering consultants have cut the annualised engineering cost base to roughly $750,000. After reviewing its customer portfolio, Ion has intentionally exited or declined renewals of several legacy contracts, including IMG, Cricket Australia and multiple US and European clients, sacrificing about $500,000 in annual revenue but eliminating approximately $1.8 million in recurring engineering and third-party costs, delivering net annualised savings of $1.3 million. Management now expects a monthly cash burn of $160,000 to $190,000 and believes the company has sufficient cash to operate at least until the second quarter of 2027, ahead of unveiling a new go-to-market strategy designed to reposition Ion Video more competitively within the video technology sector.
The most recent analyst rating on (AU:IOV) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Linius Technologies stock, see the AU:IOV Stock Forecast page.
More about Linius Technologies
Ion Video Limited (ASX: IOV), formerly operating under the Linius brand, is an Australian video technology company focused on patented core video technology and related services. The company is repositioning its operations and product strategy around these core patents, consolidating its engineering team in Melbourne and targeting more scalable, economically viable video solutions, while leveraging Australian R&D incentives to support development.
Technical Sentiment Signal: Sell
Current Market Cap: A$18.15M
For detailed information about IOV stock, go to TipRanks’ Stock Analysis page.