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

Atomo Diagnostics Ltd. (AT1) AI Stock Analysis

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AU:AT1

Atomo Diagnostics Ltd.

(Sydney:AT1)

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Neutral 53 (OpenAI - 4o)
Rating:53Neutral
Price Target:
AU$0.04
▲(0.00% Upside)
The overall stock score for Atomo Diagnostics Ltd. is primarily impacted by its weak financial performance, characterized by declining revenues and persistent losses. However, the stock's positive technical indicators provide some optimism, suggesting potential short-term price appreciation. Valuation concerns persist due to negative earnings and lack of dividends.
Positive Factors
Low Leverage
Minimal leverage enhances financial stability, providing Atomo Diagnostics with flexibility to navigate financial challenges and invest in growth opportunities without the burden of high interest obligations.
Stable Capital Structure
A stable capital structure supports long-term sustainability, allowing Atomo to maintain operations and potentially secure favorable financing terms if needed.
Product Innovation
Focusing on innovative diagnostic solutions positions Atomo as a key player in the growing healthcare sector, potentially driving future revenue growth through product adoption.
Negative Factors
Declining Revenues
Declining revenues indicate challenges in market penetration and product demand, which could hinder long-term growth and profitability unless addressed strategically.
Negative Profitability
Persistent negative profitability undermines financial health, limiting the ability to reinvest in business expansion and innovation, potentially impacting competitive positioning.
Cash Flow Challenges
Negative cash flow constrains operational flexibility and investment capacity, necessitating strategic improvements to ensure liquidity and support future growth initiatives.

Atomo Diagnostics Ltd. (AT1) vs. iShares MSCI Australia ETF (EWA)

Atomo Diagnostics Ltd. Business Overview & Revenue Model

Company DescriptionAtomo Diagnostics Limited engages in the development and sale of medical devices worldwide. It offers rapid diagnostic test devices for COVID-19, HIV screening, pregnancy test, and respiratory test. The company was incorporated in 2010 and is headquartered in Leichhardt, Australia.
How the Company Makes MoneyAtomo Diagnostics generates revenue primarily through the sale of its diagnostic devices and test kits to healthcare providers, laboratories, and distributors. The company operates on a B2B model, securing contracts and partnerships with healthcare organizations and governments to supply its products. Additionally, Atomo may engage in collaborations with pharmaceutical companies to develop tailored diagnostic solutions, which can further enhance its revenue streams. Key partnerships and licensing agreements are significant contributors to its earnings, providing Atomo with a stable income from both product sales and potential royalties from its proprietary technology.

Atomo Diagnostics Ltd. Financial Statement Overview

Summary
Atomo Diagnostics Ltd. is facing significant financial challenges, with declining revenues and persistent losses impacting profitability. The balance sheet remains relatively stable with low leverage, but the negative return on equity and cash flow issues underscore the need for strategic improvements. The company must focus on reversing revenue declines and improving operational efficiency to enhance financial health.
Income Statement
35
Negative
Atomo Diagnostics Ltd. has faced declining revenues with a negative revenue growth rate of -10.04% in the most recent year. The company is struggling with profitability, as indicated by negative margins across the board, including a net profit margin of -131.08% and an EBIT margin of -153.90%. Despite a slight improvement in gross profit margin to 47.28%, the overall financial health of the income statement remains weak.
Balance Sheet
50
Neutral
The balance sheet shows a low debt-to-equity ratio of 0.03, indicating minimal leverage, which is a positive aspect. However, the return on equity is significantly negative at -71.26%, reflecting poor profitability and returns for shareholders. The equity ratio stands at a healthy level, suggesting a stable capital structure despite ongoing losses.
Cash Flow
40
Negative
Cash flow analysis reveals challenges with negative operating cash flow and free cash flow, although the free cash flow to net income ratio is slightly above 1, indicating some alignment between cash flow and accounting profits. However, the free cash flow growth rate is negative at -44.42%, highlighting cash flow deterioration.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue3.79M3.79M4.09M2.54M12.34M6.72M
Gross Profit1.79M1.79M1.44M-6.08M-1.85M-1.71M
EBITDA-4.69M-4.69M-6.12M-9.00M-4.72M-4.70M
Net Income-4.97M-4.97M-6.85M-9.96M-5.71M-6.02M
Balance Sheet
Total Assets9.28M9.28M11.38M16.47M26.62M32.24M
Cash, Cash Equivalents and Short-Term Investments3.22M3.22M3.69M6.47M12.97M17.95M
Total Debt185.10K185.10K84.67K254.88K340.81K67.59K
Total Liabilities2.30M2.30M1.29M1.68M1.81M2.15M
Stockholders Equity6.98M6.98M10.08M14.79M24.81M30.09M
Cash Flow
Free Cash Flow-1.99M-1.99M-4.70M-6.25M-5.11M-10.12M
Operating Cash Flow-1.96M-1.96M-4.69M-5.85M-2.81M-4.23M
Investing Cash Flow-33.89K-33.89K-16.08K-401.28K-2.31M-5.90M
Financing Cash Flow1.46M1.46M1.87M-170.75K17.61K997.37K

Atomo Diagnostics Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.04
Price Trends
50DMA
0.03
Positive
100DMA
0.03
Positive
200DMA
0.02
Positive
Market Momentum
MACD
<0.01
Negative
RSI
59.08
Neutral
STOCH
36.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AT1, the sentiment is Positive. The current price of 0.04 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.08 is Neutral, neither overbought nor oversold. The STOCH value of 36.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AT1.

Atomo Diagnostics Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
53
Neutral
AU$29.98M-4.81-58.27%-7.20%28.70%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
51
Neutral
AU$27.44M-2.92-103.74%14.84%39.64%
45
Neutral
AU$32.33M-5.96-513.22%-34.06%75.47%
39
Underperform
AU$3.12M-0.91-218.52%-30.80%-38.95%
38
Underperform
AU$5.39M-3.55-55.00%
37
Underperform
AU$7.53M-0.64-1476.79%-2.82%32.47%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:AT1
Atomo Diagnostics Ltd.
0.04
0.02
100.00%
AU:UCM
Uscom Limited
0.01
-0.02
-66.67%
AU:HMD
HeraMED Ltd.
0.03
<0.01
40.91%
AU:ADR
Adherium Ltd.
0.01
0.00
0.00%
AU:IRX
InhaleRx Limited
0.02
>-0.01
-33.33%
AU:CBL
Control Bionics Ltd.
0.07
0.01
16.67%

Atomo Diagnostics Ltd. Corporate Events

Atomo Diagnostics Addresses ASX Query on Unusual Trading Activity
Dec 3, 2025

Atomo Diagnostics Ltd. has responded to an ASX query regarding unusual trading activity in its securities, confirming it is unaware of any undisclosed price-sensitive information that could explain the recent changes in price and volume. The company asserts its compliance with ASX Listing Rules, specifically Rule 3.1, and states that its board has authorized the response.

Atomo Diagnostics Adopts Amended Constitution
Oct 31, 2025

Atomo Diagnostics Ltd. announced the adoption of an amended constitution, as approved by its shareholders at the recent Annual General Meeting. This change reflects the company’s ongoing commitment to aligning its governance framework with its operational and strategic objectives, potentially impacting its market positioning and stakeholder engagement.

Atomo Diagnostics Reports Successful 2025 AGM Results
Oct 31, 2025

Atomo Diagnostics Limited announced the results of its 2025 Annual General Meeting, where all resolutions were passed by a poll. This announcement indicates a smooth decision-making process and reflects the company’s adherence to regulatory requirements, potentially strengthening stakeholder confidence.

Atomo Diagnostics Highlights Strategic Focus at 2025 AGM
Oct 31, 2025

Atomo Diagnostics Ltd. has released the MD & CEO’s address for their 2025 Annual General Meeting, highlighting the company’s ongoing commitment to innovation in the rapid diagnostic testing sector. This announcement underscores Atomo’s strategic focus on enhancing its market position by delivering cutting-edge diagnostic solutions, which is expected to positively impact its operations and stakeholder engagement.

Atomo Diagnostics Advances in Rapid Testing Amid Industry Challenges
Oct 31, 2025

Atomo Diagnostics Ltd. has made significant strides in the past year despite challenges in the global diagnostics sector. The company has advanced commercial partnerships, expanded international regulatory approvals, streamlined operations, and focused on high-value opportunities in infectious disease and rapid test applications. These efforts align with the growing trend towards decentralised, at-point-of-care, and self-testing solutions, reinforcing Atomo’s position in the market.

Atomo Diagnostics Reports Significant Progress and Expansion in Q1 FY26
Oct 29, 2025

Atomo Diagnostics Ltd. has made significant commercial progress in Q1 FY26, highlighted by the submission of the FebriDx test for a CLIA waiver with the US FDA, following successful validation of the Pascal platform in clinical trials. The company has received substantial purchase orders from Lumos, totaling approximately $1 million, as part of their FebriDx agreement. Atomo’s HIV self-test has expanded its distribution channels, launching on Chemist Warehouse’s ecommerce site in Australia and receiving orders from USAID for Ukraine. Additionally, Atomo has secured $1.3 million in new capital to support ongoing business objectives, with a reported revenue of $680k for the quarter.

Atomo Diagnostics to Release Q1 FY26 Results and Host Investor Webinar
Oct 27, 2025

Atomo Diagnostics Limited announced it will release its Q1 FY26 results on October 29, 2025, followed by a webinar hosted by Managing Director & CEO, John Kelly. This announcement highlights Atomo’s ongoing commitment to transparency and engagement with analysts and investors, potentially impacting its market positioning and stakeholder relations positively.

Atomo Diagnostics Announces Upcoming Annual General Meeting
Sep 30, 2025

Atomo Diagnostics Ltd. has announced its Annual General Meeting (AGM) scheduled for October 31, 2025, at its headquarters in Leichhardt, NSW. The company is adapting to recent legislative changes by providing AGM materials electronically, encouraging shareholders to access documents online and submit proxies in advance, reflecting a shift towards more efficient and environmentally friendly communication practices.

Atomo Diagnostics Issues New Employee Incentive Securities
Sep 25, 2025

Atomo Diagnostics Ltd. announced the issuance of 5,000,000 unquoted equity securities as part of an employee incentive scheme, with options expiring on June 30, 2028. This move is likely aimed at retaining and motivating employees, which could strengthen the company’s operational capabilities and competitive position in the healthcare diagnostics market.

Atomo Diagnostics Clarifies Recent Trading Activity Amid New HIV Test Kit Order
Sep 24, 2025

Atomo Diagnostics Ltd. recently addressed a price query from the ASX, clarifying that they are unaware of any undisclosed price-sensitive information that could explain the recent trading activity in their securities. The company highlighted a recent purchase order for 65,000 HIV Self Test Kits for Ukraine, funded by USAID, but noted that the estimated revenue from this order does not meet their materiality threshold and thus was not announced on the ASX Market Announcements Platform. The company confirmed compliance with ASX disclosure rules and that their board authorized the responses.

Atomo Diagnostics Appoints New Independent Chair to Lead Strategic Growth
Sep 9, 2025

Atomo Diagnostics Ltd has appointed Mr. Patrick Cook as the Independent Chair of the Board, succeeding Mr. John Kelly, who will now focus on his role as Managing Director. Mr. Cook brings over 35 years of experience in the medical devices and point-of-care diagnostics sectors, and his leadership is expected to guide Atomo through its strategic objectives as decentralized testing gains prominence in the diagnostic market.

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: Dec 10, 2025