Adveritas Limited (AV1) AI Stock Analysis

• Market Cap: €134.01M
• Dividend Yield: N/A
• Average Volume (3M): 557.35K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.38
• Revenue Growth: 88.69%
• EPS Growth: 46.39%
• Country: AU
• Employees: N/A
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): >-0.01
• Shares Outstanding: 924,211,100
• 10 Day Avg. Volume: 531,450
• 30 Day Avg. Volume: 557,349
• PEG Ratio: 0.29
• Price to Book (P/B): 21.90
• Price to Sales (P/S): 12.23
• P/FCF Ratio: -32.42
• 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: €0.23
• Price Target Upside: 62.71% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: AU$0.12 ▼(-11.43% Downside)

Adveritas Limited faces significant challenges with profitability and cash flow, which are the most critical factors affecting its stock score. Technical indicators suggest bearish momentum, and the valuation reflects ongoing financial struggles. The absence of earnings call data and corporate events means these areas do not influence the score.

Positive Factors

Revenue Growth

Strong revenue growth indicates expanding market reach and successful client acquisition, which can drive long-term business sustainability.

Low Leverage

Low leverage provides financial stability and flexibility, allowing the company to invest in growth opportunities without significant debt burden.

Partnerships

Strategic partnerships expand market presence and improve service offerings, supporting sustained revenue growth and competitive positioning.

Negative Factors

Profitability Challenges

Ongoing profitability issues can hinder reinvestment in growth and innovation, impacting long-term competitiveness and shareholder value.

Cash Flow Management

Weak cash flow management limits the company's ability to fund operations and growth initiatives, posing risks to financial health and stability.

Operational Efficiency

Inefficient operations can lead to higher costs and reduced margins, affecting overall profitability and ability to compete effectively in the market.

Adveritas Limited Business Overview & Revenue Model

Company Description

Adveritas Limited provides funnel measurement, verification, and fraud prevention solutions for digital advertising in Australia and internationally. It develops TrafficGuard, a fraud mitigation software as a service that detects, mitigates, and reports on digital ad fraud before it hits advertising budgets; and nxus, a proprietary mediation platform that offers real-time attribution tracking, analytics, and reporting data for online advertising. The company was formerly known as Tech Mpire Limited and changed its name to Adveritas Limited in December 2018. The company was incorporated in 2012 and is based in Bentley, Australia.

How the Company Makes Money

Adveritas Limited generates revenue through multiple key streams, primarily by providing performance-based advertising services where it charges clients based on the measurable outcomes of their advertising campaigns, such as clicks or conversions. Additionally, the company earns income from subscription fees for its data analytics tools and software platforms that assist businesses in optimizing their marketing strategies. Significant partnerships with various online platforms and advertisers enhance its reach and effectiveness, contributing to revenue growth. The company may also explore affiliate marketing opportunities, allowing it to earn commissions for driving traffic and sales to third-party services.

Adveritas Limited Financial Statement Overview

Summary

Adveritas Limited shows strong revenue growth but struggles with profitability and cash flow management. The balance sheet is stable with low leverage, but operational efficiency needs improvement.

Income Statement

Adveritas Limited shows a strong revenue growth rate of 38.93% in the latest year, indicating positive sales momentum. However, the company struggles with profitability, as evidenced by negative net profit and EBIT margins. The gross profit margin is positive, but the overall profitability remains a concern due to high operating losses.

Balance Sheet

The company has a low debt-to-equity ratio of 0.037, suggesting low leverage and potential financial stability. However, the return on equity is negative, indicating that the company is not generating sufficient returns on shareholder investments. The equity ratio is not explicitly calculated, but the low debt levels provide some balance sheet strength.

Cash Flow

Adveritas Limited faces challenges in cash flow management, with negative free cash flow growth and operating cash flow coverage ratios. The free cash flow to net income ratio is slightly above 1, indicating that the company is generating cash flow in line with its net losses, but overall cash flow performance is weak.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.84M	7.84M	4.16M	2.95M	2.03M	964.11K
Gross Profit	-3.68M	7.84M	-8.17M	-9.46M	-7.23M	-7.07M
EBITDA	-6.21M	-6.44M	-10.62M	-9.92M	-8.86M	-8.80M
Net Income	-7.09M	-7.09M	-11.59M	-10.92M	-9.08M	-9.00M
Balance Sheet
Total Assets	10.44M	10.44M	6.99M	8.98M	7.13M	4.32M
Cash, Cash Equivalents and Short-Term Investments	9.48M	9.48M	4.29M	6.34M	5.05M	3.23M
Total Debt	163.01K	163.01K	4.54M	4.11M	3.44M	572.06K
Total Liabilities	6.05M	6.05M	8.11M	6.25M	5.47M	2.52M
Stockholders Equity	4.38M	4.38M	-1.12M	2.73M	1.66M	1.80M
Cash Flow
Free Cash Flow	-2.96M	-2.96M	-9.22M	-11.35M	-9.55M	-7.31M
Operating Cash Flow	-2.94M	-2.94M	-9.22M	-11.26M	-9.45M	-7.26M
Investing Cash Flow	-20.88K	-20.88K	889.00	27.27K	351.11K	-42.20K
Financing Cash Flow	8.03M	8.03M	7.18M	12.51M	10.88M	2.26M

Adveritas Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AV1, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.15, and above the 200-day MA of 0.13, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.44 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:AV1.

Adveritas Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
B4P	71 Outperform	AU$131.46M	18.80	19.30%	―	13.74%	70.80%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
WRK	52 Neutral	AU$247.01M	-81.25	-19.83%	―	10.79%	46.67%
SEN	48 Neutral	AU$45.59M	-1.59	-64.51%	4.95%	-38.38%	-275.50%
FCT	42 Neutral	AU$22.83M	-1.46	-54.62%	―	-22.47%	39.26%
AV1	41 Neutral	€134.01M	-16.29	-485.99%	―	88.69%	46.39%
DCC	38 Underperform	AU$65.51M	―	-11.14%	―	40.28%	13.33%

Adveritas Limited Corporate Events

Adveritas Limited’s 2025 AGM Highlights Industry Risks and Future Outlook

Adveritas Limited, a company operating in the technology sector, recently held its Annual General Meeting where key insights about the company’s current status and future outlook were shared. The presentation highlighted the inherent risks and uncertainties in the industry, emphasizing the need for stakeholders to be cautious about forward-looking statements due to potential variations in actual results.

Adveritas Limited Achieves Record ARR and Expands in North America

Adveritas Limited reported a record annualized recurring revenue (ARR) of $12.2 million for the September 2025 quarter, marking a 16% increase from June 2025. The company is making significant strides in its North American expansion, with a strong trial pipeline that could convert into substantial annual contracts. The sports betting and online gaming sectors remain key growth drivers, while new client trials in e-commerce and retail highlight diverse growth opportunities. The company’s cash balance of $6.9 million supports its growth initiatives, and it anticipates increased cash receipts in the December quarter due to early contract renewals.

Adveritas Limited Releases 2025 Annual Report

Adveritas Limited, listed on the Australian Securities Exchange, has released its annual report for 2025. The report outlines the company’s governance structure, including its board of directors and key executives, and provides details on its principal office and share registry. This announcement serves to inform stakeholders about the company’s operational framework and corporate governance, reinforcing transparency and accountability.

Adveritas Limited Releases 2025 Corporate Governance Statement

Adveritas Limited has released its corporate governance statement for the financial year ending June 30, 2025, which has been approved by the board and is accessible on their website. The statement outlines the company’s adherence to ASX Corporate Governance Council’s recommendations, detailing their compliance and any deviations during the reporting period, thereby reinforcing their commitment to transparency and accountability in governance practices.

Adveritas Limited Announces 2025 Annual General Meeting

Adveritas Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 11, 2025, in Sydney, Australia. The company is encouraging shareholders to participate by lodging proxy votes online ahead of the meeting, emphasizing the importance of electronic communication to streamline processes and ensure efficient shareholder engagement.

Adveritas Limited Announces Key Resolutions for Upcoming AGM

Adveritas Limited has announced its Annual General Meeting to be held on November 11, 2025, in Sydney. The meeting will address several key resolutions, including the adoption of the remuneration report, re-election of directors Mark McConnell and Andrew Stott, approval of a mandate to issue equity securities, and ratification of a prior issue of shares. These resolutions are crucial for the company’s governance and strategic financial planning.

Adveritas Limited Issues New Securities to Bolster Market Position

Adveritas Limited has announced the issuance of 1,400,000 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code AV1. This strategic move is expected to strengthen the company’s market position and provide additional capital for its operations, potentially benefiting stakeholders by enhancing the company’s financial stability and growth prospects.