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Atomo Diagnostics Ltd. (AU:AT1)
:AT1
Australian Market

Atomo Diagnostics Ltd. (AT1) AI Stock Analysis

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AU

Atomo Diagnostics Ltd.

(Sydney:AT1)

39Underperform
Atomo Diagnostics Ltd. faces significant financial hurdles, with persistent losses and cash flow issues being the primary concerns. The stock's technical outlook is neutral, while the valuation remains unattractive due to a negative P/E ratio. Overall, the company's current condition indicates a need for strategic improvements to enhance financial stability and investor confidence.

Atomo Diagnostics Ltd. (AT1) vs. S&P 500 (SPY)

Atomo Diagnostics Ltd. Business Overview & Revenue Model

Company DescriptionAtomo Diagnostics Ltd. (AT1) is a company operating in the healthcare sector, particularly focusing on the development and manufacturing of innovative rapid diagnostic test devices. The company specializes in creating user-friendly, integrated testing solutions that simplify the testing process and improve accessibility to diagnostic healthcare. Atomo's core products are rapid diagnostic test kits, particularly for infectious diseases, which are designed for both professional and at-home use.
How the Company Makes MoneyAtomo Diagnostics Ltd. generates revenue primarily through the sale of its rapid diagnostic test kits. The company designs and manufactures these kits, which are then sold to healthcare providers, distributors, and directly to consumers in some markets. Key revenue streams include product sales in various regions, with a significant focus on markets requiring rapid testing solutions. Additionally, Atomo may engage in strategic partnerships and collaborations with other healthcare companies to expand its product reach and enhance distribution channels. These partnerships can also provide additional revenue through licensing agreements or joint ventures. The company's earnings are influenced by factors such as market demand for rapid testing, regulatory approvals, and the expansion of its product portfolio to address a broader range of diagnostic needs.

Atomo Diagnostics Ltd. Financial Statement Overview

Summary
Atomo Diagnostics Ltd. is experiencing financial struggles, with consistent losses and liquidity challenges. Despite a significant revenue increase, profitability is hindered by negative margins and a declining equity position.
Income Statement
30
Negative
The company's income statement reveals a challenging financial position with persistent losses over the years. Despite a recent revenue growth of 60.6% from 2023 to 2024, the gross profit margin remains low at 35.2%, and the net profit margin is negative due to significant net losses. The EBIT and EBITDA margins are also negative, indicating operational inefficiencies.
Balance Sheet
40
Negative
The balance sheet shows a modest debt-to-equity ratio of 0.008, suggesting low leverage. However, the return on equity is negative due to ongoing losses, and the equity ratio has decreased to 88.6%, reflecting reduced shareholder equity amidst declining total assets. The company maintains a reasonable level of cash and short-term investments.
Cash Flow
35
Negative
Cash flow analysis indicates negative free cash flow growth and significant operating cash outflows, underscoring liquidity challenges. The operating cash flow to net income ratio is slightly less than 1, reflecting cash flow adequacy issues. However, financing activities provided some relief with positive cash inflow in the latest period.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
4.22M4.09M2.54M12.34M6.72M5.37M
Gross Profit
1.48M1.44M-6.08M-1.85M-1.71M-464.83K
EBIT
-3.90M-7.16M-10.04M-8.11M-6.18M-3.58M
EBITDA
-4.95M-5.42M-9.25M-4.72M-4.70M-4.05M
Net Income Common Stockholders
-6.45M-6.85M-9.96M-5.71M-6.02M-9.22M
Balance SheetCash, Cash Equivalents and Short-Term Investments
6.51M3.69M6.47M12.97M17.95M27.10M
Total Assets
14.93M11.38M16.47M26.62M32.24M36.10M
Total Debt
171.46K84.67K254.88K340.81K67.59K55.54K
Net Debt
-6.34M-3.60M-6.22M-12.63M-17.88M-27.05M
Total Liabilities
1.23M1.29M1.68M1.81M2.15M1.62M
Stockholders Equity
13.70M10.08M14.79M24.81M30.09M34.48M
Cash FlowFree Cash Flow
-3.59M-4.70M-6.25M-5.11M-10.12M-8.26M
Operating Cash Flow
-3.53M-4.69M-5.85M-2.81M-4.23M-6.26M
Investing Cash Flow
-54.49K-16.08K-401.28K-2.31M-5.90M-1.99M
Financing Cash Flow
-191.39K1.87M-170.75K17.61K997.37K33.61M

Atomo Diagnostics Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.02
Negative
100DMA
0.02
Negative
200DMA
0.02
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
44.39
Neutral
STOCH
133.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AT1, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.39 is Neutral, neither overbought nor oversold. The STOCH value of 133.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:AT1.

Atomo Diagnostics Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (52)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AURMD
79
Outperform
AU$56.52B27.9725.23%0.82%10.54%38.69%
AUNAN
76
Outperform
$1.42B86.459.23%10.79%5.20%
AUCSL
64
Neutral
$116.12B27.8715.38%1.91%8.00%9.09%
AUTLX
63
Neutral
$8.64B166.4914.52%55.85%893.42%
52
Neutral
$5.04B3.15-44.58%2.85%16.08%-0.27%
AUMVF
48
Neutral
AU$340.93M-0.87%5.83%14.24%-109.59%
AUAT1
39
Underperform
AU$11.66M-61.15%35.63%18.55%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:AT1
Atomo Diagnostics Ltd.
0.02
>-0.01
-33.33%
AU:TLX
Telix Pharmaceuticals
26.00
11.20
75.68%
AU:CSL
CSL
241.82
-33.97
-12.32%
AU:NAN
Nanosonics Limited
4.72
1.90
67.38%
AU:MVF
Monash IVF Group Ltd
0.88
-0.52
-37.14%
AU:RMD
Resmed Inc CHESS Depositary Interests on a ratio of 10 CDIs per ord.sh
38.99
6.50
20.01%

Atomo Diagnostics Ltd. Corporate Events

Atomo Diagnostics Announces Change in Substantial Shareholding
May 9, 2025

Atomo Diagnostics Ltd. has announced a change in the substantial holding of its voting shares. GZ Family Holdings Pty Ltd and GZ Super Investments Pty Ltd have increased their voting power in Atomo Diagnostics, indicating a strategic consolidation of control. This change reflects a significant shift in the company’s shareholder structure, potentially impacting its governance and strategic direction.

Atomo Diagnostics Announces Director Resignation
May 5, 2025

Atomo Diagnostics Limited announced the resignation of Paul Kasian from its board of directors, effective May 2, 2025. This change in leadership may influence the company’s strategic direction and stakeholder relations, as Kasian held significant shares through Yongala Investments Pty Ltd, indicating his substantial involvement in the company’s operations.

Atomo Diagnostics Ltd. Appoints New Director
May 5, 2025

Atomo Diagnostics Ltd. has announced the appointment of Anthony May as a director, effective from May 2, 2025. This appointment is part of the company’s ongoing efforts to strengthen its leadership team, which could impact its strategic direction and operational effectiveness in the diagnostics industry.

Atomo Diagnostics Issues New Shares to Bolster Market Position
May 5, 2025

Atomo Diagnostics Limited announced the issuance of 46,929,731 fully paid ordinary shares to new and existing investors at an issue price of $0.0185 per share. This move, executed without disclosure under the Corporations Act, aims to strengthen the company’s financial position and support its operations in the competitive global diagnostic market. The announcement confirms Atomo’s compliance with relevant legal provisions and assures stakeholders of its transparency and adherence to regulatory standards.

Atomo Diagnostics Announces Quotation of New Securities on ASX
May 5, 2025

Atomo Diagnostics Ltd. has announced the quotation of 46,929,731 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of May 5, 2025. This move is part of a previously announced transaction, potentially enhancing the company’s market presence and providing opportunities for stakeholders to engage with its growth strategy.

Atomo Diagnostics Updates Securities Issuance Details
May 5, 2025

Atomo Diagnostics Ltd. has updated its previous announcement regarding the issuance of securities, specifically adjusting the number of securities to be issued in Tranche 1 and Tranche 2 of the placement. This adjustment is crucial for stakeholders as it corrects the total amount of securities being issued, impacting the company’s financial strategy and market positioning.

Atomo Diagnostics Expands HIV Self-Test Market and Secures Syphilis Test License
Apr 24, 2025

Atomo Diagnostics Ltd. has reported significant growth in its HIV Self-Test business, highlighted by a $230k order for the national scale-up of the CONNECT Programme in Australia and a product launch in New Zealand through Chemist Warehouse. The company also secured an exclusive license for a novel syphilis test, supported by a $2.44 million grant from the Commonwealth Government, which will aid in further analytical testing and commercial discussions.

Atomo Diagnostics Announces Proposed Securities Issue to Boost Capital
Apr 24, 2025

Atomo Diagnostics Ltd. announced a proposed issue of securities through a securities purchase plan and a placement, aiming to issue a total of 166,486,487 new securities. This move is expected to enhance the company’s capital structure, potentially strengthening its market position and providing additional resources to support its operational and strategic initiatives.

Atomo Diagnostics Completes $3.1 Million Capital Raise and Announces Restructuring
Apr 24, 2025

Atomo Diagnostics Limited has successfully completed a capital raise of up to $3.1 million through a share placement and share purchase plan, supported by existing shareholders. This capital raise aims to support the company’s general working capital needs and involves issuing new shares and options, with a board restructure and operational review expected to result in further cost savings and strategic alignment.

Atomo Diagnostics to Announce Q3 FY25 Results
Apr 23, 2025

Atomo Diagnostics Limited announced that it will release its Q3 FY25 results on April 24, 2025, with a briefing webinar scheduled for April 30, 2025. This announcement is part of Atomo’s ongoing efforts to engage with analysts and investors, reflecting its commitment to transparency and stakeholder communication. The release of these results and the subsequent webinar could provide insights into the company’s financial health and strategic direction, potentially impacting its market positioning and stakeholder confidence.

Atomo Diagnostics Announces Director’s Interest Change
Apr 23, 2025

Atomo Diagnostics Ltd. has announced a change in the director’s interest, specifically involving John Kelly, who is a controller of Dalraida Holdings Pty Ltd. The change involved the expiry of 666,666 unquoted options without exercise as of April 14, 2025. This adjustment in the director’s interest does not involve any acquisition or disposal of shares, indicating a neutral impact on the company’s operations and market positioning.

Atomo Diagnostics Initiates Trading Halt Ahead of Capital Raising Announcement
Apr 22, 2025

Atomo Diagnostics Limited has requested a trading halt on its securities on the Australian Securities Exchange, pending a significant announcement related to a capital raising initiative. This move is aimed at managing the company’s continuous disclosure obligations and is expected to impact the company’s financial strategy and market positioning.

Atomo Diagnostics Expands HIV Self-Test Access in Australia and New Zealand
Apr 7, 2025

Atomo Diagnostics announced the national expansion of the CONNECT Programme, which will provide free HIV self-tests through vending machines across Australia, funded by the Federal Government. This initiative, supported by an initial order from Thorne Harbour Health, represents a significant advancement in public health efforts to increase access to HIV self-testing. Additionally, Atomo has launched its HIV Self-Test in New Zealand through Chemist Warehouse, marking its entry into the country’s largest retail pharmacy chain. These developments highlight Atomo’s growing influence in the HIV testing market and its commitment to expanding international market access.

Atomo Diagnostics Faces Suspension from ASX Quotation
Mar 24, 2025

Atomo Diagnostics Ltd. has announced an immediate suspension of its securities from quotation on the ASX to prevent a disorderly or uninformed market. This follows a trading halt earlier in the day pending a market-sensitive announcement, which the company has since deemed non-sensitive. The suspension will remain until the announcement is released and conditions are met for reinstatement, potentially impacting stakeholder confidence and market operations.

Atomo Diagnostics Releases H1 FY2025 Results with Cautionary Notes
Feb 28, 2025

Atomo Diagnostics Ltd. has released its H1 FY2025 results presentation, emphasizing that the information provided is for general purposes and should not be solely relied upon for investment decisions. The presentation includes disclaimers regarding the accuracy and completeness of the information, and highlights the potential risks and uncertainties associated with forward-looking statements, indicating that actual results may differ from expectations.

Atomo Diagnostics Reports Revenue Growth Amid Reduced Losses
Feb 28, 2025

Atomo Diagnostics Limited reported a 7% increase in revenues to AUD 2,052,476 for the half-year ended December 31, 2024, while also reducing its loss from ordinary activities after tax by 12% to AUD 2,758,734. Despite the improvements in revenue and reduced losses, the company did not declare any dividends, and its net tangible assets per ordinary security decreased from 1.25 AUD cents to 0.87 AUD cents, indicating a potential area of concern for stakeholders.

Atomo Diagnostics to Release H1 FY25 Results and Host Investor Webinar
Feb 26, 2025

Atomo Diagnostics Limited announced the release of its H1 FY25 results, scheduled for 28 February 2025, with a subsequent results briefing webinar for analysts and investors on 3 March 2025. This announcement signifies Atomo’s ongoing commitment to transparency and engagement with stakeholders, potentially impacting its market position and investor relations positively.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.