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Artrya Limited (AU:AYA)
:AYA
Australian Market

Artrya Limited (AYA) AI Stock Analysis

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AU

Artrya Limited

(Sydney:AYA)

Rating:37Underperform
Price Target:
Artrya Limited's overall stock score reflects significant financial challenges, with no revenue generation and persistent losses. While the balance sheet shows low debt, the lack of profitability and negative cash flows pose substantial risks. Technical analysis indicates some support but is overshadowed by poor valuation metrics, leading to a cautious overall outlook.

Artrya Limited (AYA) vs. iShares MSCI Australia ETF (EWA)

Artrya Limited Business Overview & Revenue Model

Company DescriptionArtrya Limited operates as a medical technology company that uses artificial intelligence (AI) to identify patients at risk of coronary artery disease. It offers Salix, a cloud-based software that uses its AI to automate the detection of coronary artery disease from coronary computed tomography angiography. The company was incorporated in 2018 and is based in West Perth, Australia.
How the Company Makes MoneyArtrya Limited generates revenue primarily through the commercialization of its flagship product, Salix. The company employs a software-as-a-service (SaaS) model, wherein healthcare providers and institutions subscribe to access the Salix platform. Revenue streams include subscription fees, which are typically based on the volume of scans processed, as well as potential licensing agreements for the use of their proprietary technology. Significant partnerships with medical institutions and collaborations with research bodies also contribute to its earnings, facilitating the broader adoption and integration of their AI solutions in clinical settings.

Artrya Limited Financial Statement Overview

Summary
Artrya Limited is experiencing significant financial challenges, as it has been unable to generate revenue for consecutive years. The company reports negative gross profits and net income, reflecting high costs without revenue. While the balance sheet shows low debt levels, continuous losses and negative cash flows raise concerns about long-term viability.
Income Statement
10
Very Negative
Artrya Limited has been unable to generate revenue for consecutive years, indicating significant challenges in monetizing its services or products. The company has consistently reported negative gross profits and net income, reflecting ongoing operational inefficiencies and high costs relative to non-existent revenue. The EBIT and EBITDA margins are also negative, pointing to a struggle in achieving any operational profitability.
Balance Sheet
40
Negative
The balance sheet reveals a relatively low level of debt compared to equity, resulting in a favorable debt-to-equity ratio. Despite this, the company has experienced a substantial decline in stockholders' equity over recent years, indicating potential sustainability concerns. The equity ratio remains strong, but the continuous losses are eroding asset value.
Cash Flow
20
Very Negative
Cash flow statements indicate persistent negative operating and free cash flows, suggesting ongoing cash burn without corresponding inflows. Although Artrya has managed to secure financing to offset some of these cash outflows, the inability to generate positive operational cash flow is a major risk factor.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
13.00K0.000.000.000.000.00
Gross Profit
-4.01M-13.25M-552.00K-202.00K-38.51K-11.54K
EBIT
-7.52M-14.40M-12.42M-16.61M-4.24M-1.76M
EBITDA
-18.75M-13.96M-10.51M-16.40M-4.01M-1.34M
Net Income Common Stockholders
-14.56M-14.00M-11.14M-17.16M-4.08M-1.35M
Balance SheetCash, Cash Equivalents and Short-Term Investments
7.76M7.28M20.41M35.56M50.13M2.23M
Total Assets
16.66M19.01M33.09M43.87M52.22M2.66M
Total Debt
789.00K949.00K1.21M1.37M47.00K10.62K
Net Debt
-6.83M-6.18M-19.07M-13.92M-50.08M-2.22M
Total Liabilities
1.97M2.21M2.53M3.23M1.17M162.39K
Stockholders Equity
14.69M16.80M30.56M40.64M51.05M2.49M
Cash FlowFree Cash Flow
-4.11M-15.41M-16.69M-15.99M-3.55M-1.64M
Operating Cash Flow
-12.01M-15.41M-10.74M-9.61M-1.49M-1.62M
Investing Cash Flow
-41.72K2.71M15.83M-26.59M-1.86M-15.48K
Financing Cash Flow
4.54M-299.00K-245.00K38.53M14.10M2.96M

Artrya Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.71
Price Trends
50DMA
0.69
Positive
100DMA
0.76
Positive
200DMA
0.59
Positive
Market Momentum
MACD
0.01
Positive
RSI
59.37
Neutral
STOCH
44.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:AYA, the sentiment is Positive. The current price of 0.71 is below the 20-day moving average (MA) of 0.74, above the 50-day MA of 0.69, and above the 200-day MA of 0.59, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 59.37 is Neutral, neither overbought nor oversold. The STOCH value of 44.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:AYA.

Artrya Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (54)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AURAC
54
Neutral
AU$206.74M-37.20%32.02%
54
Neutral
$5.28B3.29-45.38%2.80%16.77%-0.08%
AUCYC
44
Neutral
AU$120.03M-35.20%4.68%-155.42%
AUIMU
41
Neutral
$119.47M-99.05%-34.09%
AUAYA
37
Underperform
-75.75%-23.52%
AUBIT
36
Underperform
AU$3.32M-119.28%64.10%
AUCDX
36
Underperform
$21.48M-467.81%-75.71%-8.26%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:AYA
Artrya Limited
0.74
0.48
184.62%
AU:BIT
Biotron
0.01
-0.04
-78.85%
AU:IMU
Imugene Limited
0.02
-0.04
-73.33%
AU:CDX
CardieX
0.04
-0.02
-36.07%
AU:RAC
Race Oncology Ltd.
1.18
-0.60
-33.71%
AU:CYC
Cyclopharm Limited
1.08
-0.52
-32.50%

Artrya Limited Corporate Events

Artrya Limited Issues New Shares to Boost Growth
May 5, 2025

Artrya Limited announced the issuance of 100,000 fully paid ordinary shares following the exercise of vested employee incentive restricted stock units. This move aligns with the company’s compliance with relevant provisions of the Corporations Act, indicating a strategic step in its operational and market positioning. The issuance reflects Artrya’s commitment to leveraging its workforce’s potential and could have implications for its growth and stakeholder engagement.

Artrya Limited Announces Quotation of New Securities on ASX
May 5, 2025

Artrya Limited has announced the quotation of 100,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code AYA, effective May 5, 2025. This move is part of the company’s ongoing efforts to expand its market presence and enhance liquidity, potentially benefiting shareholders and improving the company’s financial flexibility.

Artrya Limited Secures FDA Clearance and Expands Market Reach
May 1, 2025

Artrya Limited has achieved a significant milestone by receiving FDA 510(k) clearance for its Salix® Coronary Anatomy, allowing for its commercial sale in the US. This clearance paves the way for its formal launch across US hospital systems. The company has also secured three-year contracts with Sonic Healthcare Australia and Lumus Imaging for the use of its platform. Additionally, Artrya is advancing its clinical validation efforts for other products, including the Salix® Coronary Plaque and Salix® Coronary Flow, in preparation for further FDA submissions. The successful capital raise of $15 million boosts its financial position, supporting ongoing operations and product development.

Artrya Limited Announces Cessation of Securities
Apr 30, 2025

Artrya Limited announced the cessation of 592,500 securities due to the lapse of conditional rights, as the conditions for these securities were not met by the specified date. This development may impact the company’s capital structure and could influence investor perceptions, as it reflects on the company’s ability to meet certain operational or financial conditions.

Artrya Limited Secures FDA Clearance and Expands Market Reach
Apr 28, 2025

Artrya Limited has achieved significant milestones in Q3 FY25, including receiving FDA 510(k) clearance for its Salix® Coronary Anatomy platform, enabling its commercial launch in the US. This clearance allows Artrya to expand its market presence by integrating its technology into major US hospital systems, providing a substantial growth opportunity. Additionally, Artrya secured three-year contracts with Sonic Healthcare and Lumus Imaging in Australia, further validating the clinical value of its platform. The company also completed a $15 million capital raise to support its operations and future developments.

Artrya Limited Issues Unlisted Options to Bolster Financial Strategy
Apr 8, 2025

Artrya Limited has announced the issuance of 2,054,795 unlisted options with an exercise price of $1.095, set to expire on April 8, 2027. This move is part of a previously announced transaction and reflects the company’s strategic efforts to strengthen its financial position and incentivize stakeholders, potentially impacting its market presence and operational capabilities.

Artrya Limited Announces Quotation of New Securities on ASX
Apr 8, 2025

Artrya Limited has announced the quotation of 13,749,448 ordinary fully paid securities on the Australian Securities Exchange as of April 8, 2025. This move is part of previously announced transactions and is expected to enhance the company’s market presence and provide additional capital for its operations, potentially impacting its industry positioning and offering new opportunities for stakeholders.

Artrya Limited Completes Significant Share Placement to Boost AI Platform Commercialization
Apr 8, 2025

Artrya Limited has successfully completed Tranche 2 of its share placement, issuing over 13.7 million ordinary shares and more than 2 million unlisted options. This move, managed by Petra Capital, aims to bolster the company’s financial position as it continues to commercialize its AI platform for coronary artery disease detection. The completion of this placement is expected to enhance Artrya’s operational capabilities and strengthen its market position in the medical technology sector.

Artrya Limited Successfully Passes All Resolutions at General Meeting
Apr 2, 2025

Artrya Limited announced that all resolutions at its General Meeting of Shareholders were passed. This approval, including the ratification of placement shares and broker options, supports the company’s strategic initiatives and strengthens its financial position, potentially enhancing its market presence and stakeholder confidence.

Artrya Limited Announces Quotation of New Securities on ASX
Apr 1, 2025

Artrya Limited has announced the application for quotation of 100,000 ordinary fully paid securities on the Australian Securities Exchange (ASX), under the code AYA. This move signifies a strategic step in enhancing the company’s market presence and potentially increasing its capital base, which could support further development and deployment of its healthcare technology solutions.

Artrya Limited Issues Shares on Performance Rights Conversion
Apr 1, 2025

Artrya Limited announced the issuance of 100,000 ordinary shares following the exercise and conversion of vested employee incentive performance rights. This move reflects the company’s commitment to rewarding its employees and may have implications for its market positioning by potentially increasing shareholder value and enhancing employee motivation.

Artrya Secures Major Contract with Lumus Imaging for AI-Driven Heart Disease Diagnosis
Mar 31, 2025

Artrya Limited has secured a significant commercial contract with Lumus Imaging for the use of its Salix® Coronary Anatomy platform, marking a major step in its commercial growth in Australia. This 36-month agreement will see the integration of Artrya’s AI-driven technology at Lumus Imaging’s St George centre in New South Wales, utilizing the advanced Photon Counting CT scanner to enhance cardiovascular disease diagnosis. The collaboration is expected to generate revenue through a SaaS subscription model and reinforces Lumus Imaging’s commitment to cutting-edge innovation in patient care.

Artrya Limited Secures FDA Clearance for Salix® Coronary Anatomy
Mar 27, 2025

Artrya Limited has received US FDA 510(k) clearance for its Salix® Coronary Anatomy, a non-invasive tool that provides a rapid assessment of coronary artery disease. This clearance allows Artrya to commercialize in the US market, where it has already established strategic agreements with several hospital groups. The launch of Salix® Coronary Anatomy marks a significant advancement in coronary artery disease diagnostics, promising to improve patient outcomes and reduce healthcare costs. The company plans to leverage insights gained from this process to expedite future product clearances, expanding its market presence and offering new diagnostic capabilities.

Artrya Limited Announces Quotation of New Securities on ASX
Mar 12, 2025

Artrya Limited has announced the issuance of 25,000 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its financial position and support its ongoing operations in the healthcare sector, potentially impacting its market presence and offering new opportunities for stakeholders.

Artrya Limited Issues Shares Following Performance Rights Conversion
Mar 12, 2025

Artrya Limited has announced the issuance of 25,000 ordinary shares following the exercise and conversion of vested employee incentive performance rights. This move reflects the company’s ongoing commitment to incentivize its workforce as it continues to advance its AI technology for coronary artery disease detection, potentially impacting its market positioning and stakeholder interests.

Artrya Limited Announces Quotation of New Securities on ASX
Feb 28, 2025

Artrya Limited has announced the issuance of 200,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code AYA. This move reflects the company’s strategic efforts to strengthen its financial position and potentially expand its market presence, which could have significant implications for its stakeholders and industry standing.

Artrya Limited Issues Shares on Performance Rights Conversion
Feb 28, 2025

Artrya Limited announced the issuance of 200,000 ordinary shares following the exercise and conversion of vested employee incentive performance rights. This move is part of the company’s efforts to incentivize employees and align their interests with the company’s growth objectives. The issuance of shares reflects Artrya’s ongoing commitment to leveraging its patented AI platform to enhance coronary artery disease diagnostics, potentially impacting its market positioning and stakeholder interests positively.

Artrya Advances Towards FDA Approval for Salix® Coronary Anatomy
Feb 28, 2025

Artrya Limited has submitted its response to the US FDA’s queries regarding its 510(k) application for the Salix® Coronary Anatomy product, which is part of the regulatory process for obtaining approval. The company expects to receive regulatory clearance by the end of March 2025, marking a significant milestone in its regulatory pathway. This development is crucial for Artrya’s operations and industry positioning, as it progresses towards offering its AI-based coronary disease detection technology in the US market.

Artrya Limited Announces New Securities Issuance
Feb 25, 2025

Artrya Limited has announced a new issuance of 110,000 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code AYA. This move is part of the company’s strategic financial operations, potentially impacting its market presence and offering new opportunities for investors.

Artrya Limited Issues Shares Following Employee Incentive Conversion
Feb 25, 2025

Artrya Limited announced the issuance of 110,000 ordinary shares following the conversion of vested employee incentive performance rights. This move reflects the company’s ongoing commitment to incentivizing its workforce and may enhance its operational capabilities in the medical technology sector, particularly in the development of AI-driven healthcare solutions.

Artrya Limited Reports Increased Half-Year Losses Amid Financial Challenges
Feb 25, 2025

Artrya Limited reported a loss of $7.44 million for the half-year ending December 31, 2024, marking an 8.2% increase in losses compared to the previous year. The company did not declare any dividends during this period, and its net tangible assets per ordinary security decreased from 14.07 cents to 11.08 cents, reflecting ongoing financial challenges.

Artrya Limited Issues New Shares for Strategic Expansion
Feb 20, 2025

Artrya Limited announced the issuance of 6,798,498 fully paid ordinary shares as part of a share placement. This issuance was conducted without disclosure under the Corporations Act, and the company confirmed compliance with relevant regulatory provisions. The move is part of its ongoing efforts to enhance its market operations and strengthen its position in the medical technology industry.

Artrya Limited to Quote New Securities on ASX
Feb 20, 2025

Artrya Limited has announced the quotation of 6,798,498 ordinary fully paid securities on the Australian Securities Exchange (ASX) with the security code ‘AYA’. This move, part of previously announced transactions, is expected to bolster Artrya’s market presence and potentially enhance shareholder value by expanding its financial base and operational capabilities.

Artrya Limited Issues New Shares Under Employee Incentive Program
Feb 17, 2025

Artrya Limited announced the issuance of 262,856 fully paid ordinary shares following the exercise of vested employee incentive restricted stock units. This move is in line with the company’s compliance with relevant sections of the Corporations Act, indicating a strategic step in rewarding employees while maintaining regulatory standards.

Artrya Limited Announces Quotation of New Securities on ASX
Feb 17, 2025

Artrya Limited has announced the quotation of 262,856 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code AYA, effective from February 17, 2025. This development is part of the company’s strategy to enhance its financial standing and potentially increase liquidity for its stakeholders.

Artrya Capital Raising Presentation Highlights
Feb 13, 2025

Artrya Limited has released new presentation materials pertaining to capital raising efforts, which are not intended for distribution in the United States. This release outlines important disclaimers, emphasizing that the materials do not constitute a formal offer or investment advice, and highlights potential implications for investors and stakeholders, including the inherent uncertainties in forward-looking statements.

Artrya Limited Announces Proposed Securities Issue to Support Growth
Feb 13, 2025

Artrya Limited announced a proposed issue of securities, which includes the issuance of 2,054,795 unlisted options with an exercise price of $1.095 and an expiry of two years from the issue date. Additionally, 20,547,946 ordinary fully paid securities are to be issued. This move is part of the company’s efforts to raise capital, potentially impacting its financial position and market strategy. The issuance of these securities is expected to support Artrya’s ongoing projects and operational goals, and it may influence stakeholder interests as the company advances its market presence.

Artrya Limited Secures A$15 Million to Accelerate US Expansion
Feb 13, 2025

Artrya Limited announced a successful A$15 million capital raising through a two-tranche placement to professional investors, priced at A$0.73 per share. The proceeds will be utilized to fast-track regulatory applications for its Salix® products, enhance customer implementations, conduct clinical studies, and support the SAPPHIRE study aimed at expanding the software’s adoption in US hospitals. This strategic move underscores Artrya’s commitment to accelerating its commercial expansion and securing broader clinical credibility, positioning the company for further growth and stakeholder engagement.

Artrya Secures Landmark Contract with Sonic Healthcare for AI Heart Diagnostic Platform
Feb 12, 2025

Artrya Limited has entered into a three-year commercial contract with Sonic Healthcare Australia – Radiology for the utilization of its Salix® Coronary Anatomy platform. This agreement is expected to generate revenue from a Software-as-a-Service subscription model starting in the fourth quarter of the fiscal year 2025. The Salix platform, which aids in the detection of coronary artery disease, will be integrated across Sonic’s radiology centers that perform CCTA scans. This partnership marks a significant milestone for Artrya, enhancing its industry position by aligning with Australia’s second-largest diagnostic imaging provider and expanding the use of its AI-driven technology to improve heart disease diagnosis.

Artrya Limited Reports Cessation of Performance Rights
Feb 7, 2025

Artrya Limited has announced the cessation of 90,740 performance rights as the conditions for these securities have not been met or have become incapable of being satisfied. This development may affect the company’s issued capital and reflects the challenges in meeting the conditional requirements for these securities.

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.