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Alterity Therapeutics
(Sydney:ATH)
Alterity Therapeutics (ATH) vs. iShares MSCI Australia ETF (EWA)
Alterity Therapeutics Business Overview & Revenue Model
Alterity Therapeutics Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.83M | 5.44M | 4.02M | 3.92M | 5.12M | 4.34M |
| Gross Profit | 3.71M | 5.31M | 3.80M | 3.63M | 4.76M | 3.98M |
| EBITDA | -20.11M | -14.63M | -19.46M | -17.51M | -17.39M | -19.36M |
| Net Income | -14.59M | -12.15M | -19.12M | -13.81M | -12.85M | -15.31M |
Balance Sheet | ||||||
| Total Assets | 56.92M | 46.03M | 19.22M | 27.32M | 41.36M | 33.59M |
| Cash, Cash Equivalents and Short-Term Investments | 49.20M | 40.66M | 12.64M | 15.77M | 34.81M | 28.12M |
| Total Debt | 163.91K | 155.46K | 159.04K | 210.38K | 117.49K | 65.65K |
| Total Liabilities | 2.65M | 3.62M | 5.43M | 4.50M | 5.89M | 3.12M |
| Stockholders Equity | 54.27M | 42.40M | 13.80M | 22.81M | 35.47M | 30.47M |
Cash Flow | ||||||
| Free Cash Flow | -2.36M | -11.45M | -12.61M | -20.04M | -12.43M | -17.34M |
| Operating Cash Flow | -12.98M | -11.45M | -12.61M | -20.04M | -12.34M | -17.33M |
| Investing Cash Flow | 0.00 | -7.50M | -5.72K | -36.46K | -89.15K | -10.47K |
| Financing Cash Flow | 44.44M | 39.67M | 9.22M | 124.34K | 16.30M | 36.69M |
Alterity Therapeutics Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
57 Neutral | AU$39.28M | -25.86 | 10.35% | 2.81% | 0.65% | -9.90% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
46 Neutral | AU$113.45M | -1.51 | -265.55% | ― | -20.79% | 73.98% | |
42 Neutral | AU$80.88M | -14.80 | -40.65% | ― | 700.00% | 26.88% | |
41 Neutral | AU$76.13M | -2.12 | -30.19% | ― | ― | 63.46% | |
41 Neutral | AU$49.98M | -0.70 | -134.65% | ― | ― | 55.94% | |
41 Neutral | AU$138.81M | -2.84 | 279.21% | ― | ― | 0.66% |
Alterity Therapeutics Corporate Events
Alterity Therapeutics has notified the ASX of a proposed issue of up to 150 million options as part of a placement or similar capital-raising structure. The new options will carry an exercise price of A$0.02 and will expire five years after their date of issue, with the proposed issue date set for June 26, 2026.
The company has applied for the options to be quoted on the ASX in line with the relevant listing rules, indicating its intention to maintain an active presence in public markets. This planned issuance is likely aimed at bolstering Alterity’s capital flexibility and could potentially dilute existing shareholders if the options are exercised, while providing additional funding capacity for its therapeutic development programs.
The most recent analyst rating on (AU:ATH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Alterity Therapeutics stock, see the AU:ATH Stock Forecast page.
Alterity Therapeutics has introduced an opt-out unmarketable parcel sale facility for shareholders holding less than A$500 worth of its fully paid ordinary shares, aiming to give these investors a cost-free way to exit positions that might otherwise be uneconomic to trade. The company notes that about 59.2% of its roughly 5,868 shareholders fall into this category, and the initiative is also designed to streamline its share register and reduce the administrative expense of maintaining numerous small holdings.
Shareholders with unmarketable parcels who wish to retain their stakes must submit a Share Retention Form or increase their holdings to a marketable level by the stated deadline, while those taking no action will have their shares sold under the facility. Key dates include a record date of 9 March 2026, dispatch of letters on 12 March 2026, a closing date for retention forms on 24 April 2026, and payment to affected shareholders expected as soon as practicable after 7 May 2026, with the company reserving the right to modify, suspend, or terminate the facility via ASX announcement.
The most recent analyst rating on (AU:ATH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Alterity Therapeutics stock, see the AU:ATH Stock Forecast page.
Alterity Therapeutics, a clinical-stage biotech focused on disease-modifying treatments for Multiple System Atrophy and related Parkinsonian disorders, is advancing its lead asset ATH434 following positive Phase 2 data and leveraging a discovery platform aimed at novel neurological therapies. The company operates from Melbourne and San Francisco, positioning itself within the rare neurodegenerative disease segment with a late-stage pipeline candidate.
The company announced that CEO David Stamler will participate in the Bell Potter Healthcare Horizons Summit in Sorrento, Australia, where he will join a fireside chat on optimizing late-stage clinical trials and hold one-on-one investor meetings. The appearance underscores Alterity’s efforts to highlight its upcoming Phase 3 pivotal trial in MSA and engage the investment community as it seeks to strengthen its profile and support for its late-stage development plans.
The most recent analyst rating on (AU:ATH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Alterity Therapeutics stock, see the AU:ATH Stock Forecast page.
Alterity Therapeutics has appointed neurologist and movement disorder expert Daniel O. Claassen, M.D., M.S., as Chief Medical Advisor, while he maintains his professorship at Vanderbilt University Medical Center. Claassen, an internationally recognized authority on neurodegenerative diseases with extensive clinical trial and translational research experience, has been instrumental in Alterity’s ATH434 program and previously served as coordinating investigator for its Phase 2 study in Multiple System Atrophy.
The appointment comes as Alterity readies ATH434 for a Phase 3 pivotal trial in Multiple System Atrophy following promising Phase 2 results that showed clinically meaningful slowing of disease progression. By adding Claassen’s deep expertise in movement disorders, biomarker discovery, and global trial leadership, the company aims to strengthen its clinical strategy, accelerate development of ATH434, and expand its pipeline of novel therapies for neurodegenerative conditions, potentially enhancing its position in the niche MSA treatment landscape.
The most recent analyst rating on (AU:ATH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Alterity Therapeutics stock, see the AU:ATH Stock Forecast page.
Alterity Therapeutics reported a sharp increase in half-year revenue to A$909,750 for the six months to 31 December 2025, driven entirely by higher interest income on its bank balances, while remaining a pre-revenue biotech with no dividend payments. The company’s net loss widened 34% to A$9.6 million compared with the prior corresponding period, but net tangible asset backing rose to 0.50 cents per share from 0.14 cents, signaling a stronger balance sheet despite ongoing losses and unchanged corporate structure.
Management noted that the detailed drivers of the loss are outlined in its review of operations, and the interim financial statements have been reviewed by an independent auditor, offering additional assurance to investors. With no changes in controlled entities and no distributions declared, the update highlights Alterity’s continued focus on funding and executing its development programs while absorbing significant operating expenses typical of early-stage biotechnology companies.
The most recent analyst rating on (AU:ATH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Alterity Therapeutics stock, see the AU:ATH Stock Forecast page.
Alterity Therapeutics reported a robust second quarter of FY26, highlighting strengthened Phase 2 data for its lead MSA candidate ATH434, further detailed through additional analyses and multiple international scientific presentations that reinforced a potential US$2.4 billion commercial opportunity. The company advanced regulatory preparations toward a pivotal Phase 3 program, including work toward an End-of-Phase-2 meeting with the U.S. FDA targeted for mid-2026, while refining trial design and operational readiness, exploring non-dilutive funding partnerships with pharmaceutical and corporate advisers, bolstering its board and executive leadership, and maintaining a solid cash balance of A$49.2 million to support its next stage of clinical and commercial development.
The most recent analyst rating on (AU:ATH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Alterity Therapeutics stock, see the AU:ATH Stock Forecast page.
Alterity Therapeutics reported that it successfully completed its Phase 2 clinical program for lead candidate ATH434 in multiple system atrophy during 2025, with data showing the drug was safe, well-tolerated, and associated with slowing disease progression across several clinical endpoints, including functional measures, mobility, and orthostatic hypotension. Building on these results, the company is now preparing for an End-of-Phase 2 meeting with the FDA in mid-2026 to finalize a Phase 3 trial design, scaling its clinical, manufacturing, and regulatory infrastructure and deepening engagement with key neurologists, while also strengthening its board and leadership team to support potential late-stage development and future commercialization.
The most recent analyst rating on (AU:ATH) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Alterity Therapeutics stock, see the AU:ATH Stock Forecast page.
Alterity Therapeutics Limited has notified the market of the issue of 43.5 million unlisted options under an employee incentive scheme, with an exercise price of US$0.0057 and an expiry date of 13 January 2031. The options, which will not be quoted on the ASX, reflect the company’s continued use of equity incentives to align employees with shareholder interests and may contribute to future dilution if exercised, signaling an ongoing focus on incentivising key personnel during its development phase.
The most recent analyst rating on (AU:ATH) stock is a Buy with a A$0.01 price target. To see the full list of analyst forecasts on Alterity Therapeutics stock, see the AU:ATH Stock Forecast page.
Alterity Therapeutics has notified the market of the issue of 18 million unlisted options under its employee incentive scheme, each exercisable at $0.008 and expiring on 9 January 2031. The move expands the company’s pool of unquoted equity-based incentives, signalling continued reliance on options to motivate employees and align staff interests with long-term shareholder value, while incrementally increasing potential future dilution for existing investors.
The most recent analyst rating on (AU:ATH) stock is a Buy with a A$0.01 price target. To see the full list of analyst forecasts on Alterity Therapeutics stock, see the AU:ATH Stock Forecast page.
Alterity Therapeutics has released a brief corporate communication noting that some of its January 2026 corporate presentation may include statements that qualify as forward-looking under U.S. securities laws. The company cautions that such statements, including any financial projections or discussions of strategic plans and objectives, are subject to risks and uncertainties that could cause actual results to differ materially, and it directs investors to its 2025 Form 20-F risk factors for further detail, underscoring the regulatory and risk-awareness context around its investor communications.
The most recent analyst rating on (AU:ATH) stock is a Buy with a A$0.01 price target. To see the full list of analyst forecasts on Alterity Therapeutics stock, see the AU:ATH Stock Forecast page.
Alterity Therapeutics has announced the expiry of 91,392,720 unexercised options (ASX code ATHAAD) with an exercise price of A$0.032, which lapsed on 6 January 2026. The cessation of these options removes a substantial block of potential dilution from the company’s capital structure, slightly simplifying its issued capital and clarifying the near‑term equity overhang for existing shareholders and prospective investors.
The most recent analyst rating on (AU:ATH) stock is a Buy with a A$0.01 price target. To see the full list of analyst forecasts on Alterity Therapeutics stock, see the AU:ATH Stock Forecast page.