Atomos (AMS) AI Stock Analysis

• Market Cap: AU$29.66M
• Dividend Yield: N/A
• Average Volume (3M): 1.88M
• Price to Earnings (P/E): 54.6
• Beta (1Y): 0.41
• Revenue Growth: -7.11%
• EPS Growth: 51.02%
• Country: AU
• Employees: 70
• Sector: Technology
• Sector Strength: 88
• Industry: Consumer Electronics
• EPS (TTM): 0.00
• Shares Outstanding: 1,482,812,400
• 10 Day Avg. Volume: 394,524
• 30 Day Avg. Volume: 1,875,930
• PEG Ratio: <0.01
• Price to Book (P/B): -0.39
• Price to Sales (P/S): 0.13
• P/FCF Ratio: -0.33
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 39 Underperform
• Price Target: AU$0.02 ▼(-36.67% Downside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is driven primarily by weak financial performance (declining revenue, large losses, negative equity, and negative cash flows). Technical indicators also reflect a prevailing downtrend, while valuation remains unattractive due to a high P/E and no dividend support.

Positive Factors

Niche professional video hardware

Atomos' core product set targets professional and prosumer video workflows where specialized monitor/recorder hardware is required. This product-market fit creates durable, mission-critical purchases by filmmakers and studios, supporting steadier demand and reseller relationships over months.

Accessory attach rates and software tie-ins

A hardware-plus-ecosystem model yields recurring and higher-margin follow-on sales (media, power, mounts) and creates cross-sell opportunities for software/services. Over time these attach rates can stabilize gross margins and increase lifetime value beyond one-off hardware sales.

Structural tailwind from prosumer/content-creation demand

Secular growth in content creation and higher-quality production equipment adoption supports ongoing demand for Atomos' products. This structural trend can sustain order flow and justify periodic product refreshes, providing a multi-month tailwind to revenue potential.

Negative Factors

Declining revenue and deep negative margins

Sustained top-line decline combined with large operating losses indicates structural demand, pricing, or cost-structure problems. Continued negative margins erode reinvestment capacity, hinder product development and marketing, and raise the bar for returning to profitable, self-funded growth.

Negative equity and high leverage

Negative equity and reliance on debt financing increase solvency and refinancing risk. This capital structure constrains strategic flexibility, may elevate borrowing costs, and limits ability to fund product cycles or absorb demand shocks without dilutive or expensive capital raises.

Negative operating and free cash flow

Persistent cash burn restricts investment in R&D, inventory management, and go-to-market activities. Weak cash generation forces dependence on external financing, increasing execution risk and compressing runway for strategic initiatives over the next several months.

Atomos Business Overview & Revenue Model

Company Description

Atomos Limited, a video technology company, provides monitor-recorder content creation products worldwide. The company offers 4K and HD Apple ProRes monitor-recorders, compact and portable monitor-recorders, live/switching products, and on-set and in-studio 4K HDR production monitors, as well as related accessories. Its products are used in the production of TV/web commercials, social media contents, music videos, corporate videos, sports and live events, worships and weddings houses, documentary and wildlife, feature films, reality TV, and education and training. The company was formerly known as Tetsuwan Ltd and changed its name to Atomos Limited in October 2018. Atomos Limited was incorporated in 2009 and is based in Carlton, Australia.

How the Company Makes Money

Atomos makes money primarily by selling video-production hardware and related accessories through resellers/distributors and direct channels. The core revenue stream is product sales of on-camera monitor/recorders (and associated devices) used with digital cinema cameras and mirrorless/DSLR cameras; these devices typically drive follow-on purchases such as storage media, batteries/power solutions, mounts, cables, cases, and other accessories. The company also generates revenue from software-related products and services tied to its ecosystem; however, specific details on pricing, subscription structure, attach rates, or the relative contribution of software vs. hardware revenue are null. Key factors influencing earnings include demand cycles in professional and prosumer content creation, product refreshes/new model launches, and distribution relationships with camera and video-equipment retail channels. Any material revenue contribution from strategic partnerships, licensing, or OEM arrangements is null due to insufficient publicly specified detail here.

Atomos Financial Statement Overview

Summary

Weak fundamentals: declining revenue (-9.40%), deeply negative profitability (net margin -44.44%, EBIT margin -36.25%), negative equity with leverage risk, and negative operating/free cash flow indicate significant financial strain.

Income Statement

Atomos has experienced declining revenue over the past few years, with a negative revenue growth rate of -9.40% in the most recent year. The company also shows negative profitability margins, including a net profit margin of -44.44% and an EBIT margin of -36.25%. These figures indicate significant challenges in maintaining profitability and controlling costs.

Balance Sheet

The balance sheet reveals a concerning financial structure with a negative stockholders' equity and a high debt-to-equity ratio of -1.47. This indicates that the company is heavily reliant on debt financing, which poses a risk in terms of financial stability. The return on equity is positive at 131.66%, but this is due to negative equity, which distorts the metric.

Cash Flow

Cash flow analysis shows negative operating and free cash flows, with a free cash flow to net income ratio of 1.00, indicating that the company is struggling to generate cash from its operations. The free cash flow growth rate is negative, reflecting a decline in cash generation capabilities.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	37.63M	32.66M	35.72M	42.76M	72.99M	78.61M
Gross Profit	7.00M	8.49M	11.20M	4.71M	28.49M	37.44M
EBITDA	-3.44M	-10.63M	-18.51M	-56.09M	-4.94M	8.18M
Net Income	-7.72M	-14.51M	-22.36M	-61.06M	-10.36M	4.22M
Balance Sheet
Total Assets	20.91M	16.20M	24.96M	37.17M	108.75M	91.20M
Cash, Cash Equivalents and Short-Term Investments	1.33M	1.81M	2.90M	2.94M	5.00M	25.98M
Total Debt	11.78M	16.18M	5.17M	9.54M	18.60M	3.19M
Total Liabilities	23.98M	27.23M	22.61M	27.41M	54.51M	27.48M
Stockholders Equity	-3.06M	-11.02M	2.35M	9.77M	54.24M	63.71M
Cash Flow
Free Cash Flow	-7.76M	-13.27M	-9.16M	-5.68M	-32.38M	7.85M
Operating Cash Flow	-7.47M	-13.27M	-9.12M	-2.56M	-26.45M	9.82M
Investing Cash Flow	-288.00K	-3.00K	-41.00K	-4.92M	-5.95M	-1.96M
Financing Cash Flow	7.98M	12.12M	9.14M	5.34M	11.41M	-788.00K

Atomos Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BCC	50 Neutral	AU$16.42M	0.92	26.81%	―	-21.60%	-657.00%
KNO	42 Neutral	AU$4.32M	-0.75	-53.27%	―	2.15%	-900.00%
ICE	41 Neutral	AU$18.61M	-3.83	-153.09%	―	-48.98%	-12.82%
AMS	39 Underperform	AU$29.66M	54.58	109.60%	―	-7.11%	51.02%

Atomos Corporate Events

Atomos appoints new Company Secretary amid governance refresh

Atomos Limited, a Melbourne-headquartered developer of monitoring, recording and workflow tools for film and video creators, serves a global customer base through a mix of hardware, software and cloud services. The company targets professional and emerging filmmakers by providing technologies that streamline production and live-streaming workflows.

Atomos announced a change in corporate governance roles, with the resignation of Natalie Climo as Company Secretary and the appointment of Claire Newstead-Sinclair to the position, effective immediately. The board-approved transition signals a refreshed administrative leadership structure as the company continues to communicate with investors through its interactive online investor hub for market announcements and updates.

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

Atomos Expands Ninja Line-Up With Global Launch of Ninja RAW Monitor Recorder

Atomos has launched Ninja RAW, a compact 5-inch HDR monitor recorder aimed at filmmakers, content creators, and broadcasters using HDMI mirrorless and DSLR cameras, now available globally through resellers and its web store. Positioned as a more accessible extension of its next-generation Ninja range, the device is priced at USD $699, EUR €699, GBP £599 and AUD $999, excluding taxes.

Ninja RAW records Apple ProRes, ProRes RAW, and H.265 directly from the camera sensor to CFexpress Type B or external USB-C storage at up to 6K/30fps, while offering camera control over key exposure and color settings on supported models. As Atomos’ sixth new or upgraded product in 12 months, the release underpins progress on its product roadmap and supports its commercial momentum by strengthening its presence in the professional and prosumer video production market.

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

Atomos Posts Profit and Reaffirms Outlook as Cost Cuts and Product Demand Lift H1 FY26

Atomos reported first-half FY26 revenue of $23.7 million, up 28% year on year, and EBITDA of $1.9 million, marking a return to profitability with a $0.2 million post-tax profit and two consecutive EBITDA-positive quarters. The result was driven by strong demand for its Ninja and Shinobi products, higher contribution margins from repricing and lower discounting, and a 29% reduction in fixed costs, particularly staff expenses.

Operating cash outflow narrowed to $1.5 million amid inventory investment and receivables timing, while cash and equivalents stood at $1.3 million at 31 December 2025, including restricted deposits. Management reaffirmed its FY26 outlook, guiding for second-half sales and EBITDA to meet or exceed first-half levels and for positive operating cash flow in H2, underscoring confidence that new product launches and ecosystem development will sustain the turnaround trajectory.

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

Atomos Reaffirms Creator-Focused Strategy and Ecosystem Vision

Atomos has reaffirmed its core value proposition of empowering creators and supporting the democratisation of content creation across social, professional video and entertainment segments. The company continues to emphasise intuitive product design and a cohesive ecosystem that simplifies video production, allowing users to concentrate on creativity rather than technical complexity.

The business is also underscoring its strategy of aligning and integrating with leading global technology partners to enhance connectivity and extend its reach in key creator markets. Management highlights the strength of Atomos’ brand equity and customer loyalty built over 12 years, signaling an intention to deepen relationships with creatives and capture more of their production needs across use cases such as weddings, events and music content.

The most recent analyst rating on (AU:AMS) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Atomos stock, see the AU:AMS Stock Forecast page.

Atomos posts strongest quarterly sales in three years as EBITDA turns positive again

Atomos reported a sharp rebound in trading for the quarter ended 31 December 2025, with unaudited Q2 FY26 revenue rising 44% year-on-year to A$13.4 million and EBITDA improving to A$1.65 million, marking a second consecutive positive quarter after a prolonged period of losses. The stronger performance was driven by continuing sales momentum in its Ninja and Shinobi product lines and a growing direct-to-consumer channel, supported by new product launches such as the Ninja TX GO and firmware upgrades that broaden camera control and ProRes RAW support. While the company recorded a modest net operating cash outflow of A$0.6 million as it invested in inventory for upcoming releases, it used A$7.8 million from expiring options to pay down debt, reducing pro forma borrowings to A$9.9 million. For the first half, Atomos delivered A$23.7 million in revenue and A$1.9 million in EBITDA, both in line with guidance, and management signalled confidence that second-half revenue, EBITDA and operating cash flow will all improve, underscoring a turnaround in profitability and operational leverage that could strengthen its position in the video production equipment market.

The most recent analyst rating on (AU:AMS) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Atomos stock, see the AU:AMS Stock Forecast page.