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Living Cell Technologies Ltd. (AU:1AI)
ASX:1AI

Living Cell Technologies (1AI) AI Stock Analysis

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AU:1AI

Living Cell Technologies

(Sydney:1AI)

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Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
AU$0.02
â–¼(-25.00% Downside)
Action:ReiteratedDate:03/12/26
The score is weighed down primarily by weak financial performance (no revenue, sustained losses, and negative free cash flow) despite the benefit of having no debt. Technical indicators also remain bearish with the stock below key moving averages and negative MACD, while valuation signals are limited due to a negative P/E and no dividend support.
Positive Factors
Low Leverage / No Debt
Absence of debt materially reduces fixed obligations and bankruptcy risk for a development-stage biotech. With no interest burden, management can allocate scarce cash to R&D or trials, preserving runway and strategic optionality to pursue partnerships or milestone-based financings over the next 2–6 months.
Narrowing Net Losses
A meaningful narrowing of net losses signals improving cost structure or milestone-driven progress. This trend, if sustained, reduces future funding needs and indicates management execution on expense control or development efficiency, improving survival odds during extended clinical timelines.
Focused Regenerative-Medicine Pipeline
A concentrated platform in cell-based regenerative therapies targets chronic, high-unmet-need indications with structural demand. Scientific specialization creates high technical barriers and differentiation, supporting long-term partnership and licensing opportunities that can fund development and eventual commercialization.
Negative Factors
Effectively No Revenue
Lack of recurring or product revenue means the business remains pre-commercial and dependent on external capital. Over a multi-month horizon, absence of commercial cash inflows makes forecasting viability harder and increases execution risk until regulatory approval or licensing deals generate sustainable revenue.
Persistent Negative Cash Flow
Consistent negative operating and free cash flow indicate ongoing cash burn and limited internal funding capacity. This structural shortfall necessitates regular equity or partnership financing, raising dilution and execution risk and constraining the company's ability to scale trials or commercialization in the medium term.
Eroding Equity and Shrinking Assets
Declining equity and reduced asset base weaken financial flexibility and collateral for partnerships or credit. Over a 2–6 month horizon, this erosion heightens the likelihood of urgent financing, limits negotiating leverage with partners, and can force unfavorable funding terms that impair long-term strategy.

Living Cell Technologies (1AI) vs. iShares MSCI Australia ETF (EWA)

Living Cell Technologies Business Overview & Revenue Model

Company DescriptionLiving Cell Technologies Limited, a biotechnology company, discovers, develops, and commercializes regenerative treatments that use naturally occurring cells to restore functions in Australia and New Zealand. It is developing NTCELL, an alginate-coated capsule, which is in phase IIb clinical trial for the treatment of Parkinson's disease. The company was founded in 1987 and is based in Sydney, Australia.
How the Company Makes Moneynull

Living Cell Technologies Financial Statement Overview

Summary
Very weak fundamentals: effectively no revenue, persistent operating losses, and consistently negative operating/free cash flow indicating ongoing cash burn. Strength is no debt, but declining equity and shrinking assets highlight continued reliance on external funding despite some recent loss and cash-burn improvement.
Income Statement
12
Very Negative
The company has effectively no revenue across recent annual periods, while operating losses remain persistent (EBIT and EBITDA negative every year). Net losses have narrowed materially in the latest year (2025 vs. 2024), which is a positive trajectory, but profitability is still far from breakeven and the business appears dependent on external funding rather than recurring commercial income.
Balance Sheet
58
Neutral
The balance sheet shows no debt in recent years, which reduces financial risk and interest burden. However, equity has declined over time (2025 equity below 2024/2023), reflecting cumulative losses and ongoing capital erosion; assets also fell sharply versus prior years, which can reduce operating flexibility even with low leverage.
Cash Flow
22
Negative
Cash generation remains weak with negative operating cash flow and negative free cash flow in every reported year, indicating ongoing cash burn. The latest year shows improvement versus 2024 (less cash used), but free cash flow deteriorated meaningfully on a growth basis year-over-year, and the company is still not self-funding operations.
BreakdownTTMJun 2024Jun 2024Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit0.000.000.00-557.00-743.00-49.31K
EBITDA-2.04M-1.54M-2.10M-2.13M-2.38M-1.86M
Net Income-1.01M-802.96K-2.10M-2.11M-1.96M-1.46M
Balance Sheet
Total Assets2.00M2.40M5.49M6.23M4.27M1.64M
Cash, Cash Equivalents and Short-Term Investments1.88M2.32M3.11M6.13M7.24M1.61M
Total Debt0.000.000.000.000.000.00
Total Liabilities111.25K169.76K178.45K449.86K239.26K265.08K
Stockholders Equity1.89M2.23M3.01M3.76M4.03M1.38M
Cash Flow
Free Cash Flow-702.90K-785.25K-1.52M-1.99M-2.05M-1.46M
Operating Cash Flow-702.90K-785.25K-1.52M-1.99M-2.04M-1.46M
Investing Cash Flow1.35M450.00K-277.44K0.0039.50K105.86K
Financing Cash Flow179.59K-3.00K523.00K1.85M4.69M-44.54K

Living Cell Technologies Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
48
Neutral
AU$7.89M-3.15-8.72%――71.10%
48
Neutral
AU$11.02M-1.00-166.70%―――
45
Neutral
AU$8.84M-0.152844.96%――46.28%
43
Neutral
AU$23.98M-6.84-49.25%―――
40
Underperform
AU$32.59M-5.38-16.65%――-672.73%
39
Underperform
AU$17.08M-1.59-90.15%―-93.83%20.00%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:1AI
Living Cell Technologies
0.01
<0.01
40.00%
AU:IXC
Invex Therapeutics Ltd.
0.11
0.05
75.00%
AU:CMB
Regeneus Ltd.
0.48
0.13
37.14%
AU:CHM
Chimeric Therapeutics Ltd.
―
―
―
AU:NSB
Neuroscientific Biopharmaceuticals Ltd.
0.10
0.06
145.00%
AU:MEM
Memphasys Ltd
0.01
0.00
0.00%

Living Cell Technologies Corporate Events

Algorae Pharmaceuticals Names New Director, Details Indirect Equity Stakes
Mar 12, 2026

Algorae Pharmaceuticals has appointed David Gulland as a director effective 10 March 2026, and lodged an initial director’s interest notice stating he holds no shares or options in his own name. The filing discloses that his relevant interests arise indirectly through his spouse and a family-controlled entity, which together hold several million ordinary shares, unlisted options and performance rights in the company.

These indirect holdings include more than 4.9 million ordinary shares, unlisted options exercisable at $0.014 expiring in late 2029, and 42 million performance rights, signalling a significant economic exposure to Algorae despite the absence of direct personal holdings. The disclosure informs investors about potential alignment between the new director’s interests and shareholder value, and clarifies the structure of his economic stake for governance and compliance purposes.

The most recent analyst rating on (AU:1AI) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae Pharmaceuticals Discloses Final Interests of Departing Director
Mar 12, 2026

Algorae Pharmaceuticals has announced that director Bradley Latham has ceased to be a director of the company as of 10 March 2026. The company disclosed his final interests, including 20,000,000 ordinary shares, multiple tranches of performance rights and 4,000,000 unlisted options exercisable at a specified price and expiry, clarifying his remaining equity exposure for investors and regulators.

The notice confirms that Latham holds no relevant interests in securities through other registered holders and has no interests in related contracts. This formal update, lodged under ASX listing rules, completes the regulatory record of his equity position at departure and provides transparency to shareholders regarding changes in the company’s board and incentive arrangements.

The most recent analyst rating on (AU:1AI) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae Pharmaceuticals strengthens board with appointment of industry veteran David Gulland
Mar 9, 2026

Algorae Pharmaceuticals has appointed senior industry executive David Gulland as a Non-Executive Director, adding more than 20 years of experience in wholesale pharmaceuticals, private healthcare funding and pharmacy services at a time when the company is rapidly scaling its commercial operations in Australia and New Zealand. Gulland, formerly General Manager of HPS Pharmacies, a division of EBOS Group, brings a track record in digital transformation, supply chain optimisation and innovative funding models such as in-home chemotherapy, which is expected to bolster Algorae’s operational capabilities and market expansion efforts.

In a planned board transition, long-serving Non-Executive Director Bradley Latham will retire from the board but remain as a consultant, creating room for deeper pharmaceutical expertise at governance level. Gulland will also become Chief Operating Officer of AlgoraeRx from 23 March 2026, leading the board to classify his directorship as non‑independent and implement conflict‑management arrangements, underscoring a tighter alignment between board oversight and operational execution as Algorae enters its next growth phase.

The most recent analyst rating on (AU:1AI) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae Pharmaceuticals Issues 42 Million Performance Rights Under Incentive Scheme
Mar 5, 2026

Algorae Pharmaceuticals has issued 42,000,000 unquoted performance rights under its employee incentive scheme, effective 5 March 2026. The large grant of performance rights underscores the company’s reliance on equity-based remuneration to incentivise staff, potentially increasing future share dilution while aiming to strengthen retention and align employees with strategic and financial goals.

The issue of these unquoted securities indicates an effort to motivate key contributors without immediate cash outlay, a common practice among growth-oriented pharmaceutical firms. For existing shareholders, the move signals an emphasis on long-term value creation tied to performance milestones, but also highlights the need to monitor the impact of future vesting on the company’s capital structure.

The most recent analyst rating on (AU:1AI) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae Director Boosts Indirect Stake Through Option Exercise
Mar 5, 2026

Algorae Pharmaceuticals has disclosed a change in director David Hainsworth’s interests following the exercise of options through his controlled entity Union Square Capital Pty Ltd. The transaction saw the conversion of 312,500 options into ordinary shares and the disposal of an equivalent number of 1AIO options, modestly increasing his indirect shareholding while simplifying his mix of derivative securities.

After the change, Hainsworth’s indirect holding rose to 5,937,500 ordinary shares, alongside existing unlisted options, while his substantial direct holdings of shares, performance rights and options remained unchanged. The move signals continued equity alignment between the director and shareholders, but does not alter the company’s broader capital structure or indicate any change in strategic direction.

The most recent analyst rating on (AU:1AI) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae Pharmaceuticals Issues New Shares Under Cleansing Notice
Mar 5, 2026

Algorae Pharmaceuticals has issued new fully paid ordinary shares, as detailed in an Appendix 2A lodged with the ASX, and has done so without a prospectus under the disclosure exemptions of the Corporations Act. The company confirms it is up to date with its financial reporting and continuous disclosure obligations, and that there is no excluded information that must be revealed, effectively clearing the way for the newly issued shares to be freely traded and providing assurance to investors about regulatory compliance.

The most recent analyst rating on (AU:1AI) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae Pharmaceuticals Seeks ASX Quotation for 5.06 Million New Shares
Mar 5, 2026

Algorae Pharmaceuticals Limited has applied to the ASX for quotation of 5,062,500 new ordinary fully paid shares under the code 1AI, with an issue date of March 5, 2026. The additional quoted securities, arising from the exercise or conversion of existing instruments, expand the company’s listed share base and may enhance liquidity for investors while modestly diluting existing shareholders’ holdings.

The move signals ongoing capital structuring activity as Algorae Pharmaceuticals advances its operations and funding plans within the biotech sector. By increasing the number of quoted securities, the company is positioning itself to support future development initiatives and maintain its presence in the public capital markets.

The most recent analyst rating on (AU:1AI) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae Pharmaceuticals Issues New Shares and Confirms Regulatory Compliance
Feb 27, 2026

Algorae Pharmaceuticals has issued new fully paid ordinary shares, as detailed in a contemporaneous Appendix 2A lodgement, and has confirmed that these securities were issued without a prospectus under the Act’s disclosure exemptions. The company states it remains compliant with its financial reporting and continuous disclosure obligations and that no excluded information is required to be disclosed, indicating the new share issue is procedurally routine and not driven by undisclosed material developments.

This cleansing notice assures investors that Algorae has met all relevant Corporations Act requirements in connection with the latest share issuance. By confirming there is no additional undisclosed price-sensitive information, the company seeks to maintain transparency and regulatory confidence around its capital management activities while potentially broadening its shareholder base.

The most recent analyst rating on (AU:1AI) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae Pharmaceuticals Seeks ASX Quotation for 7.4 Million New Shares
Feb 27, 2026

Algorae Pharmaceuticals Limited has applied to the Australian Securities Exchange for quotation of 7,377,816 new ordinary fully paid shares under its existing ticker 1AI. The new securities, issued on February 27, 2026, arise from the exercise or conversion of previously outstanding options or other convertible instruments, modestly expanding the company’s free float and potentially increasing liquidity for shareholders.

The application formalizes the admission of these additional shares to trading on the ASX and reflects ongoing capital structuring activity within the company. While no specific use of proceeds is disclosed in the filing, the enlarged quoted capital base may provide Algorae Pharmaceuticals with greater financial flexibility and a broader shareholder base as it pursues its pharmaceutical development objectives.

The most recent analyst rating on (AU:1AI) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae Pharmaceuticals Files Half-Year Report and Highlights Dual AI and Commercial Focus
Feb 27, 2026

Algorae Pharmaceuticals has released its half-year report for the six months ended 31 December 2025, providing the market with an update on its activities and financial performance over the period. The announcement, approved by the board, underscores the company’s dual-track strategy of advancing AI-driven drug discovery alongside expanding its commercial medicines business in Australia and New Zealand.

By highlighting both its proprietary AlgoraeOS platform and the AlgoraeRx commercialisation arm, the update reinforces Algorae’s positioning at the intersection of AI technology and traditional pharmaceuticals. This integrated model is intended to support the translation of AI-predicted therapies into practice while broadening patient access to high-quality medicines through research collaborations and established distribution channels.

The most recent analyst rating on (AU:1AI) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae expands ANZ generics portfolio with Cadila cardiovascular and metabolic deal
Feb 8, 2026

Algorae Pharmaceuticals has signed a definitive licence and supply agreement with India’s Cadila Pharmaceuticals to launch two generic medicines for cardiovascular and metabolic disorders in Australia and New Zealand. Under the deal, Cadila will handle development and manufacturing, while Algorae, via its AlgoraeRx unit, will act as TGA sponsor and lead regulatory and commercial efforts across the region.

The Cadila tie-up builds on Algorae’s existing oncology-focused licensing arrangement with Sakar Healthcare for five generic cancer drugs and its recent distribution deal with Dr. Reddy’s for Capecitabine 500 mg in Australia. Together, these partnerships are building a multi-partner, multi-therapy platform that broadens Algorae’s product base across oncology, cardiovascular and metabolic diseases, strengthening its presence with hospitals, pharmacies and institutional buyers in Australia and New Zealand.

The most recent analyst rating on (AU:1AI) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae Issues Confidential Non-Deal Investor Presentation with Strong Risk Disclaimers
Feb 2, 2026

Algorae Pharmaceuticals has released a February 2026 non-deal investor presentation outlining general information about the company and its activities, while emphasising that the document is for informational purposes only and does not constitute an offer or solicitation to buy or sell securities. The presentation is framed by extensive disclaimers highlighting the speculative nature of any investment in the company, the confidentiality of the material, the absence of financial product advice, and the inherent risks and uncertainties associated with any statements about future intentions or performance, signalling a cautious approach to investor communications and risk management.

The most recent analyst rating on (AU:1AI) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae Pharmaceuticals Seeks ASX Quotation for 47,745 New Shares
Feb 2, 2026

Algorae Pharmaceuticals Limited has applied to the ASX for quotation of 47,745 new fully paid ordinary shares under its ticker 1AI, issued on 2 February 2026 following the exercise of options or conversion of other securities. The modest increase in quoted securities slightly expands the company’s free float and capital base, signalling ongoing use of equity-linked instruments in its funding structure but without indicating any immediate transformational change to its operations or market position.

The most recent analyst rating on (AU:1AI) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae Pharmaceuticals Advances AI Drug Platform and Oncology Commercial Push
Jan 27, 2026

Algorae Pharmaceuticals reported strong progress for the December 2025 quarter, highlighted by a new distribution agreement with Dr. Reddy’s Laboratories for Capecitabine 500mg tablets that marks a key step toward oncology revenue in Australia and New Zealand and is backed by a new $3 million debt facility with ScotPac to fund inventory and supply opportunities. On the R&D front, the company launched AlgoraeOS v2, a significantly upgraded AI drug discovery platform that has outperformed leading benchmark models and generated more than 500,000 in silico CBD–drug–cell line predictions, with independent validation of the earlier version at the Peter MacCallum Cancer Centre confirming its predictive power and yielding 90 high-priority combination candidates for further development, supported by a cash inflow from the R&D tax incentive and the forthcoming arrival of a seasoned chief operating officer to scale commercial operations.

The most recent analyst rating on (AU:1AI) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae Secures A$3m ScotPac Facility to Scale ANZ Commercial Operations
Jan 20, 2026

Algorae Pharmaceuticals has secured a A$3.0 million receivables-based working capital facility from ScotPac Business Finance for an initial 24-month term, providing a revolving, non-dilutive source of funding that can be drawn and repaid flexibly with interest charged only on utilised amounts. The facility, secured against AlgoraeRx’s trade receivables and backed by a parent guarantee, is intended to bolster the company’s working capital, enabling faster inventory deployment and execution of supply opportunities, thereby supporting the scaling of its revenue-generating commercialisation operations across Australia and New Zealand and strengthening its financial flexibility without issuing new equity.

The most recent analyst rating on (AU:1AI) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Living Cell Technologies stock, see the AU:1AI Stock Forecast page.

Algorae Director Increases Equity Exposure Through Loyalty Option Offer
Dec 22, 2025

Algorae Pharmaceuticals has disclosed a change in director David Hainsworth’s interests in the company’s securities following his participation in a loyalty option offer. Hainsworth, who holds both direct and indirect stakes, acquired a total of 5,125,000 new unlisted options exercisable at $0.014 and expiring on 1 December 2029, at an issue price of $0.001 per option, increasing his exposure to the company’s equity without disposing of any existing securities, which further aligns his incentives with long‑term shareholder value.

Algorae Pharmaceuticals Issues 199 Million Unquoted Options Expiring in 2029
Dec 22, 2025

Algorae Pharmaceuticals Limited has notified the market of the issue of 199,013,513 unquoted options, each expiring on 1 December 2029, under the ASX code 1AIAT. The options, which are not intended to be quoted on the ASX, were issued as part of previously announced transactions, signalling a significant expansion of the company’s unquoted equity base and potentially affecting capital structure and future shareholder dilution dynamics.

Algorae Pharmaceuticals Seeks ASX Quotation for Additional Ordinary Shares
Dec 19, 2025

Algorae Pharmaceuticals Limited has applied for quotation of 1,663 new fully paid ordinary shares on the ASX, with an issue date of 19 December 2025. The small-scale share issuance, arising from the exercise or conversion of existing instruments, marginally increases the company’s quoted capital and reflects ongoing capital management activities without significantly altering its overall market position or capital structure.

Algorae Raises $199k Through Loyalty Options, Moves to Place Shortfall
Dec 18, 2025

Algorae Pharmaceuticals has closed its non-renounceable pro-rata loyalty options entitlement offer, receiving applications for 199,013,513 options at $0.001 each and raising approximately $199,014 before costs, with the options expected to be issued on 22 December 2025. The remaining 138,737,943 options constitute a shortfall that will be placed at the company’s discretion under a separate shortfall offer within three months, with funds from both offers earmarked for offer costs and general working capital, modestly strengthening Algorae’s balance sheet and providing incremental support for its AI-driven drug discovery and commercialisation activities.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 12, 2026