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Careteq Ltd. (AU:CTQ)
ASX:CTQ
Australian Market
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Careteq Ltd. (CTQ) AI Stock Analysis

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AU

Careteq Ltd.

(Sydney:CTQ)

Rating:45Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
The overall stock score is primarily influenced by financial performance and valuation challenges. Despite strong revenue growth, persistent profitability issues weigh heavily on the score. Technical analysis suggests potential for a rebound but is currently bearish. The lack of earnings call and corporate events data further emphasize existing weaknesses in financial health and valuation.

Careteq Ltd. (CTQ) vs. iShares MSCI Australia ETF (EWA)

Careteq Ltd. Business Overview & Revenue Model

Company DescriptionCareteq Limited, a health-tech company, provides software as a service (SaaS)-based assistive living technology and services that focuses on meeting the needs in the health, aged, and home care sectors worldwide. The company develops and commercializes a suite of products that sit on its proprietary SaaS based assistive living technology platform for use by the elderly, disabled, and vulnerable individuals. It also offers medication management services, which include expert geriatric clinical pharmacy decision support services to general practitioners. The company was founded in 2016 and is based in Melbourne, Australia.
How the Company Makes MoneyCareteq Ltd. generates revenue primarily through the sale and subscription of its digital health products and services. The company offers smart monitoring devices and telehealth services to individual customers, healthcare facilities, and aged care providers. Careteq also earns income through licensing its integrated software platforms, which are designed to facilitate remote monitoring and data analytics for healthcare professionals. Strategic partnerships with healthcare institutions and technology companies further bolster its revenue streams by expanding its market reach and enhancing product offerings. Additionally, the company may receive funding or grants from government bodies or private investors to support its innovation and development initiatives.

Careteq Ltd. Financial Statement Overview

Summary
Careteq Ltd. is experiencing strong revenue growth, which is a positive sign for future potential. However, the company continues to face challenges with profitability, as evidenced by negative margins and net income. The balance sheet shows low leverage but declining equity, while cash flow statements highlight ongoing cash constraints. Overall, the company needs to improve operational efficiency and manage cash flows more effectively to achieve sustainable growth and profitability.
Income Statement
45
Neutral
The company has shown significant revenue growth, with a 30.9% increase from 2023 to 2024. However, profitability remains a concern with negative net and gross profit margins. The net income margin is consistently negative, indicating ongoing losses. Despite an improvement in revenue, the company's EBIT and EBITDA margins are negative, reflecting challenges in operational efficiency and profitability.
Balance Sheet
50
Neutral
The balance sheet shows a moderate debt-to-equity ratio with low total debt, which suggests limited leverage and potential stability. However, the company's equity has decreased over time, reducing the equity ratio. The return on equity is negative due to net losses, indicating that the company is not generating profits from shareholders' equity.
Cash Flow
40
Negative
The company is facing negative free cash flow, although there is a slight improvement in operating cash flow compared to the previous year. The free cash flow to net income ratio is unfavorable, indicating cash flow challenges. The financing cash flow is positive, suggesting reliance on external funding to support operations.
BreakdownJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue7.23M5.52M4.43M735.44K146.46K
Gross Profit6.74M-2.44M4.14M-2.03M-1.33M
EBITDA-826.62K-3.57M-5.90M-5.06M-1.93M
Net Income-2.67M-4.33M-5.25M-5.23M-1.91M
Balance Sheet
Total Assets6.82M7.57M8.02M12.23M926.87K
Cash, Cash Equivalents and Short-Term Investments1.25M1.85M4.50M8.90M202.05K
Total Debt192.98K961.96K0.0075.28K0.00
Total Liabilities3.30M4.02M1.72M2.61M4.67M
Stockholders Equity1.97M2.14M6.30M9.61M-3.74M
Cash Flow
Free Cash Flow-2.59M-3.42M-4.54M-1.52M-1.33M
Operating Cash Flow-1.30M-2.53M-4.52M-1.50M-1.32M
Investing Cash Flow-570.80K-799.63K-256.83K-23.21K-11.55K
Financing Cash Flow1.27M687.55K8.81M1.50M1.23M

Careteq Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.01
Price Trends
50DMA
0.01
Negative
100DMA
0.01
Negative
200DMA
0.01
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
36.48
Neutral
STOCH
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CTQ, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 36.48 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CTQ.

Careteq 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
AUMDR
62
Neutral
AU$46.89M110.00-8.34%-5.27%50.29%
AUPCK
55
Neutral
AU$71.84M-457.46%21.93%10.34%
52
Neutral
$7.37B-0.04-63.81%2.59%16.40%<0.01%
AUSHG
48
Neutral
AU$102.58M
AUCTQ
45
Neutral
-39.44%-2.77%65.63%
AUGLH
44
Neutral
AU$4.39M
-11.00%86.56%
AUICR
34
Underperform
AU$6.83M-309.52%73.53%-7.35%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:CTQ
Careteq Ltd.
0.01
-0.01
-50.00%
AU:GLH
Global Health Limited
0.07
-0.07
-50.00%
AU:MDR
MedAdvisor Limited
0.08
-0.46
-85.19%
AU:SHG
Singular Health Group Ltd
0.32
0.22
220.00%
AU:ICR
InteliCare Holdings Limited
0.01
-0.01
-50.00%
AU:PCK
PainChek Ltd
0.04
0.00
0.00%

Careteq Ltd. Corporate Events

Careteq Limited Announces Director’s Interest Change
Jul 1, 2025

Careteq Limited has announced a change in the director’s interest notice, specifically regarding Mark Simari. The company disclosed that 3,000,000 unlisted options held indirectly by Simari through Charkaroo Pty Ltd have expired, with no new acquisitions or disposals of other securities reported. This change signifies a reduction in potential future equity for the director, which may impact his financial stake in the company.

Careteq Ltd. Issues Unlisted Convertible Notes
Jun 13, 2025

Careteq Ltd. announced the issuance of 355,678 unlisted convertible notes, marking a strategic financial move to potentially enhance its capital structure. This issuance is expected to impact the company’s financial flexibility and could influence its market positioning by providing additional resources for growth and development.

Careteq Limited Addresses Breach of ASX Listing Rule with Remedial Actions
Jun 13, 2025

Careteq Limited has acknowledged a breach of ASX Listing Rule 7.1 due to an incorrect issuance of convertible notes, exceeding its placement capacity. The company has taken remedial actions by amending the agreement and will seek shareholder approval for the excess issuance, reaffirming its commitment to compliance and corporate governance.

Careteq Limited Secures $625,000 in Funding to Strengthen Financial Position
Jun 10, 2025

Careteq Limited has secured a $500,000 convertible note from investor and entrepreneur Antanas Guoga to bolster its working capital. Additionally, the company’s board members have contributed $125,000 through a loan agreement, bringing the total raised to $625,000. This funding positions Careteq well for medium-term financial stability and reflects confidence in its strategic direction and market potential.

Careteq Disputes ATO’s Amended R&D Tax Assessments
May 28, 2025

Careteq Limited has received amended assessments from the Australian Taxation Office regarding its R&D Tax Incentive claims for the financial years ending in 2021, 2022, and 2023, requiring repayment of refunds and interest. The company disputes these assessments and plans to formally object, maintaining confidence in the eligibility of its R&D activities and the validity of its claims, and will engage with the ATO throughout the objection process.

Careteq Ltd. Announces Cessation of Securities
May 7, 2025

Careteq Ltd. announced the cessation of 2,000,000 securities due to the expiry of options or other convertible securities without exercise or conversion as of May 6, 2025. This cessation of securities may impact the company’s capital structure and could have implications for its financial strategies and stakeholder interests.

Careteq Limited Reports Strong Q3 FY25 Performance and Strategic Growth
Apr 29, 2025

Careteq Limited has reported significant progress in its Q3 FY25 activities, with the integration of its 1-System platform nearing completion, which is expected to enhance operational efficiencies and profitability. The company has exceeded revenue growth projections while reducing overhead costs, and it maintains a positive EBITDA. Strategic partnerships, such as with Medic Alert, have expanded Careteq’s market reach, particularly in aged care and GP networks, positioning the company for sustainable growth and shareholder value.

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: Jun 13, 2025