DC Two Ltd. (AU:AI1)
ASX:AI1
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DC Two Ltd.
(Sydney:AI1)
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Rating:51Neutral
Price Target:
AU$0.06
▲(5.00% Upside)
Action:ReiteratedDate:03/28/26
The score is held back mainly by weak financial performance—sharp margin deterioration, large losses, and continued negative free cash flow—despite a significantly de-risked balance sheet. Technicals provide some support with price above major moving averages, but valuation is constrained by ongoing losses and no dividend yield data.
Positive Factors
De‑risked balance sheet
Very low leverage and a large equity base provide DC Two material financial flexibility. This reduces refinancing and liquidity risk, enables continued investment in capital‑intensive data center infrastructure, and gives management time to fix operating performance without immediate solvency pressure.
Negative Factors
Negative gross margin
A negative gross margin means per‑unit delivery costs exceed revenue, signaling broken unit economics. This is a structural profitability problem requiring pricing changes, cost restructuring or product mix shifts; until resolved, long‑term earnings recovery is uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
De‑risked balance sheet
Very low leverage and a large equity base provide DC Two material financial flexibility. This reduces refinancing and liquidity risk, enables continued investment in capital‑intensive data center infrastructure, and gives management time to fix operating performance without immediate solvency pressure.
Read all positive factors
DC Two Ltd. (AI1) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$47.55M
Dividend YieldN/A
Average Volume (3M)2.32M
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding834,125,600
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
Adisyn Ltd, together with its subsidiaries, provides managed technology solutions to the SME market in Australia and the United Kingdom. It operates through Infrastructure and Managed Services; and 2D Generation segments. The company offers manage...
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% | |
51 Neutral | AU$47.55M | -2.15 | -38.55% | ― | ― | ― | |
47 Neutral | AU$18.06M | -6.98 | -52.60% | ― | ― | ― | |
44 Neutral | AU$12.11M | -0.34 | -148.39% | ― | ― | ― | |
43 Neutral | AU$15.12M | -1.41 | 908.86% | ― | ― | ― | |
43 Neutral | AU$15.41M | -13.76 | 46.05% | ― | 7.32% | 67.11% |
* Technology Sector Average
AU:AI1
DC Two Ltd.
0.06
0.02
54.05%
AU:ASV
Asset Vision
0.03
>-0.01
-20.59%
AU:CYB
Sovereign Cloud Holdings Ltd.
0.06
-0.03
-31.76%
AU:EXT
Excite Technology Services
0.01
0.00
0.00%
AU:XF1
Xref Ltd
0.07
-0.03
-30.00%
AU:TAL
HSC Technology Group Ltd.
0.05
-0.02
-24.29%
DC Two Ltd. Corporate Events
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...
Adisyn launches defence spin-off after graphene radar stealth breakthrough
Mar 15, 2026
Adisyn has created a new defence technology subsidiary, 2D Radar Absorbers Ltd, after demonstrating up to 20dB radar signature reduction using graphene-enhanced composite materials in collaboration with Tel Aviv University. The company is now purs...
Adisyn Revenue Jumps but Half-Year Loss Deepens as Discontinued Operations Weigh
Feb 27, 2026
Adisyn Ltd reported a sharp increase in total revenue from ordinary activities to $103,754 for the half-year ended 31 December 2025, up from $4,277 a year earlier after restating prior balances to exclude discontinued operations. Despite the reven...
Adisyn Extends Graphene Technology Into Stealth Composites With Radar-Signature Breakthrough
Feb 25, 2026
Adisyn has completed an initial proof-of-concept program with Tel Aviv University’s technology transfer arm, demonstrating that graphene-enhanced composite materials can cut drone radar reflections by up to 20dB under laboratory conditions. ...
Adisyn Advances Low-Temperature Graphene Breakthrough for Next-Gen Semiconductors
Jan 28, 2026
Adisyn Ltd reported significant technical progress in the December 2025 quarter on its world-first low-temperature graphene deposition program, validating a key pre-clean sub-process that effectively prepares semiconductor wafers for graphene grow...
Adisyn Director Increases Equity Stake Through Performance Rights Conversion
Jan 12, 2026
Adisyn Ltd has reported a change in the interests of director Arye Kohavi following the conversion of performance rights into fully paid ordinary shares. Kohavi acquired 9,300,282 fully paid ordinary shares—5,100,282 issued as non-cash consi...
Adisyn Director Increases Indirect Shareholding Through Performance Rights Vesting
Jan 12, 2026
Adisyn Ltd has reported a change in the security holdings of director Kevin Crofton, disclosing the conversion and vesting of performance rights into fully paid ordinary shares and an increase in his indirect shareholding. The transaction reflects...
Adisyn Converts 108.5 Million Performance Rights into Ordinary Shares
Jan 8, 2026
Adisyn Ltd has converted 108.5 million Class A performance rights into fully paid ordinary shares, expanding its share capital through a mix of consideration for an earlier acquisition, director incentives and employee share plans. The bulk of the...
Adisyn to List 108.5 Million New Shares on ASX
Jan 8, 2026
Adisyn Ltd, listed on the ASX under the code AI1, has applied for quotation of 108.5 million new fully paid ordinary shares following the exercise or conversion of existing options or other convertible securities. The issuance, effective 8 January...
Adisyn Issues 10 Million Unquoted Performance Rights Under Staff Incentive Plan
Jan 7, 2026
Adisyn Ltd has notified the ASX of the issue of 10 million unquoted performance rights under its employee incentive scheme, effective 6 January 2026. The new securities, which are subject to transfer restrictions and will not be quoted until those...
Adisyn Hits Key Graphene Deposition Milestone in 2D Generation Acquisition
Jan 5, 2026
Adisyn Ltd has achieved the first technical milestone under its acquisition of 2D Generation Ltd by successfully demonstrating low‑temperature deposition of an sp²‑based carbon layer onto copper substrates using an Atomic Layer De...
Adisyn Shares Halted Pending Update on Atomic Layer Deposition R&D Milestone
Jan 1, 2026
Adisyn Ltd has requested and been granted a trading halt on its securities by the ASX, effective from 2 January 2026, pending the release of an announcement updating shareholders and the market on the progress of its low-temperature Atomic Layer D...
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.
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