DC Two Ltd. (AU:AI1)
ASX:AI1
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DC Two Ltd.
(Sydney:AI1)
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Rating:47Neutral
Price Target:
AU$0.21
â–²(253.33% Upside)
Action:Reiterated
Date:05/26/26
The score is held down primarily by sharply worsening profitability and continued cash burn, despite strong revenue growth. A strengthened, low-leverage balance sheet helps reduce financial risk, while technicals are mixed-to-moderate and valuation is constrained by losses and the absence of a dividend yield.
Positive Factors
Low leverage / de-risked balance sheet
A debt-to-equity near 0.01 and a large equity base materially reduce financial distress risk, giving management runway to fund operations, capex, or strategic initiatives without near-term refinancing pressure. This balance sheet stability supports multi-month durability despite operating losses.
Negative Factors
Severely negative margins
Deeply negative gross and operating margins indicate the core business is losing money on direct services, not just from overhead. Without structural pricing, cost or mix improvements, these economics are unsustainable and will impair the company's ability to convert revenue into lasting profits over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / de-risked balance sheet
A debt-to-equity near 0.01 and a large equity base materially reduce financial distress risk, giving management runway to fund operations, capex, or strategic initiatives without near-term refinancing pressure. This balance sheet stability supports multi-month durability despite operating losses.
Read all positive factors
DC Two Ltd. (AI1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$253.04M
Dividend YieldN/A
Average Volume (3M)2.32M
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue Growth-49.13%
EPS Growth0.65%
CountryAU
EmployeesN/A
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.02
Shares Outstanding1,176,952,500
10 Day Avg. Volume2,227,696
30 Day Avg. Volume2,317,064
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.45
Price to Sales (P/S)6.33
P/FCF Ratio-4.43
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
DC Two Ltd. Business Overview & Revenue Model
Company Description
Founded in 2012 and headquartered in Henderson, Australia, Adisyn Ltd, which adopted its current name in October 2023 after operating as DC Two Limited, delivers comprehensive managed technology solutions to small and medium-sized enterprises (SME...
How the Company Makes Money
DC Two Ltd. generates revenue through its data center services, including colocation, where customers rent space and resources within the company's facilities to store and operate their IT equipment. Additionally, the company offers cloud computin...
DC Two Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 3.26M | 5.50M | 2.68M | 4.39M |
| Gross Profit | -781.61K | 3.21M | 1.44M | 1.46M |
| EBITDA | -5.69M | -106.12K | -1.52M | -2.96M |
| Net Income | -9.60M | -1.55M | -2.04M | -4.34M |
Balance Sheet | ||||
| Total Assets | 46.96M | 4.60M | 8.68M | 6.70M |
| Cash, Cash Equivalents and Short-Term Investments | 6.96M | 299.14K | 676.81K | 600.67K |
| Total Debt | 280.28K | 2.84M | 3.76M | 3.67M |
| Total Liabilities | 1.32M | 5.79M | 8.66M | 6.57M |
| Stockholders Equity | 45.64M | 2.31M | 2.19M | 2.24M |
Cash Flow | ||||
| Free Cash Flow | -4.66M | -800.60K | -1.28M | -3.80M |
| Operating Cash Flow | -3.65M | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | -1.90M | 801.22K | 21.85K | -2.45M |
| Financing Cash Flow | 12.21M | -429.50K | 1.01M | 2.51M |
DC Two Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
47 Neutral | AU$253.04M | -14.39 | -38.55% | ― | -49.13% | 0.65% | |
47 Neutral | AU$28.12M | -10.66 | -52.60% | ― | -31.33% | 59.20% | |
43 Neutral | AU$8.98M | -0.21 | -148.39% | ― | 6.70% | 33.88% | |
43 Neutral | AU$15.21M | -2.25 | 908.86% | ― | 74.49% | 35.00% | |
41 Neutral | AU$14.31M | -6.67 | 46.05% | ― | -0.91% | 1.85% |
* Technology Sector Average
AU:AI1
DC Two Ltd.
0.20
0.15
323.91%
AU:ASV
Asset Vision
0.04
<0.01
21.21%
AU:CYB
Sovereign Cloud Holdings Ltd.
0.04
-0.03
-41.43%
AU:EXT
Excite Technology Services
0.01
0.00
0.00%
AU:XF1
Xref Ltd
0.06
-0.10
-60.62%
AU:TAL
HSC Technology Group Ltd.
0.08
<0.01
6.67%
DC Two Ltd. Corporate Events
Adisyn Director Increases Shareholding After Performance Rights Vest
Jun 18, 2026
Adisyn Ltd has reported a change in the interests of director Kevin Crofton following the vesting and conversion of a tranche of performance rights into fully paid ordinary shares. The conversion was triggered by the achievement of a specified mil...
Adisyn Director Increases Holding After Performance Rights Vest
Jun 18, 2026
Adisyn Ltd has reported a change in the holdings of director Arye Kohavi following the vesting and conversion of a tranche of performance rights. A milestone was achieved ahead of a July 2026 deadline, triggering the conversion of 11,400,282 Class...
Adisyn secures key graphene milestone as it targets Tier 1 chipmakers
Jun 8, 2026
Adisyn has secured independent verification from a University of New South Wales graphene research leader that its graphene deposition process operates reliably below 300°C on copper substrates using industrial Atomic Layer Deposition tools. ...
Adisyn clears secondary trading for 700,000 new shares after option exercise
May 28, 2026
Adisyn Ltd has issued 700,000 fully paid ordinary shares following the exercise of an equal number of unlisted AI1UOPT29 options at an exercise price of $0.075, with the options originally set to expire in December 2027. The company has lodged a n...
Adisyn Ltd seeks ASX quotation for 700,000 new shares
May 28, 2026
Adisyn Ltd has applied to the ASX for quotation of 700,000 new ordinary fully paid shares, to be traded under its existing AI1 ticker from May 28, 2026. The additional quoted securities expand the company’s listed share base, potentially enh...
Adisyn Enables Secondary Trading After New Share Issue from Option Exercises
May 11, 2026
Adisyn Ltd has issued 1,845,000 fully paid ordinary shares following the exercise of two tranches of unlisted options, with different exercise prices and expiries, expanding its share capital. The company has lodged the required notice under secti...
Adisyn Seeks ASX Quotation for 1.85 Million New Shares
May 11, 2026
Adisyn Ltd has applied for quotation of 1,845,000 new ordinary fully paid shares on the Australian Securities Exchange, with the securities issued on May 11, 2026. The new shares arise from the exercise or conversion of existing options or other c...
UBS Group AG Ceases to Be Substantial Holder in Adisyn Ltd
May 4, 2026
UBS Group AG and its related bodies corporate have notified Adisyn Ltd. that they have ceased to be a substantial holder in the company as of 30 April 2026, following changes in their relevant interests in Adisyn’s voting securities. The ces...
Adisyn raises $13.8m and clears way for secondary trading of new shares
Apr 30, 2026
Adisyn Ltd has raised $13.8 million through the issue of 204,444,445 fully paid ordinary shares via a placement and has also issued 1,262,468 shares following the exercise of unlisted options. The company has lodged the required notice under secti...
Adisyn Seeks ASX Quotation for Over 204 Million New Shares
Apr 30, 2026
Adisyn Ltd has applied to the ASX for quotation of 204,444,445 new ordinary fully paid shares under code AI1, with an issue date of 30 April 2026. The securities are being quoted following a previously announced transaction, expanding the company&...
Adisyn Advances Graphene Interconnect Breakthroughs and Secures $14m Funding Boost
Apr 26, 2026
Adisyn reported significant technical progress in the March quarter, including independently verified low-temperature deposition of an sp²-based carbon layer on copper using an Atomic Layer Deposition system, and a post-period breakthrough in...
Adisyn Plans Major Equity Placement of Over 207 Million Shares
Apr 22, 2026
Adisyn Ltd has announced a proposed placement involving the issue of up to 207,407,407 ordinary fully paid shares on the ASX. The company has lodged the required details with the exchange and targets 30 April 2026 as the proposed issue date for th...
Adisyn Raises A$14m After Graphene and Stealth Tech Breakthroughs
Apr 22, 2026
Adisyn has secured firm commitments to raise A$14 million via an institutional placement at A$0.0675 per share, led by Regal Funds Management and Israel’s Meitav, with directors also participating subject to shareholder approval. The funds w...
Adisyn issues cautionary investor presentation and risk disclosures
Apr 21, 2026
Adisyn Ltd has released an investor presentation emphasising that the material is for information purposes only and does not constitute financial or investment advice. The company stresses that prospective investors must consider their own objecti...
Adisyn Secures Global Licence for Graphene Stealth Drone Technology
Apr 21, 2026
Adisyn has secured exclusive worldwide commercialisation rights to graphene-based radar signature reduction technology from Ramot, the technology transfer arm of Tel Aviv University. The binding Licence and Research Agreement replaces a prior opti...
Adisyn Showcases Low-Temperature Graphene Breakthrough for Next-Gen Chip Interconnects
Apr 19, 2026
Adisyn has demonstrated a continuous graphene layer on a 1cm by 1cm coupon using an industrial Atomic Layer Deposition system operating below 450°C, a temperature compatible with existing semiconductor fabrication lines. This breakthrough add...
Adisyn Seeks Trading Halt Ahead of Graphene Process Update
Apr 16, 2026
Adisyn Ltd has requested a trading halt in its securities on the ASX, effective before market open on 17 April 2026, while it prepares a material update on its graphene deposition process. The halt is expected to last until the earlier of the star...
Adisyn Issues 6 Million Unquoted Shares Under Employee Incentive Scheme
Apr 15, 2026
Adisyn Ltd has notified the market of the issue of 6,000,000 new unquoted Class securities under an employee incentive scheme, effective 14 April 2026. These equity awards, which will not be quoted on the ASX, expand the company’s unquoted s...
Adisyn launches graphene-based UAV radar absorption initiative
Mar 22, 2026
Adisyn Ltd has outlined an initiative focused on graphene materials for UAV defence systems, branded as the AI1 Drone Radar Absorption Initiative. The release frames the project as a strategic move to apply advanced graphene technologies to improv...
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.