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dorsaVi Limited
(Sydney:DVL)
dorsaVi Limited (DVL) vs. iShares MSCI Australia ETF (EWA)
dorsaVi Limited Business Overview & Revenue Model
dorsaVi Limited Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 999.29K | 1.13M | 1.30M | 1.75M | 2.35M | 1.87M |
| Gross Profit | -1.75M | 971.82K | 1.18M | -798.43K | -1.45M | -1.74M |
| EBITDA | -4.87M | -1.82M | -1.60M | -1.88M | -1.53M | -2.29M |
| Net Income | -4.53M | -1.52M | -1.25M | -1.82M | -1.54M | -2.41M |
Balance Sheet | ||||||
| Total Assets | 8.13M | 3.97M | 2.18M | 2.69M | 3.36M | 5.42M |
| Cash, Cash Equivalents and Short-Term Investments | 4.95M | 2.29M | 478.10K | 878.72K | 449.70K | 2.80M |
| Total Debt | 135.68K | 156.89K | 190.17K | 321.85K | 1.18M | 1.18M |
| Total Liabilities | 2.15M | 1.14M | 1.16M | 1.01M | 2.13M | 2.95M |
| Stockholders Equity | 5.99M | 2.84M | 1.02M | 1.68M | 1.22M | 2.48M |
Cash Flow | ||||||
| Free Cash Flow | -2.68M | -956.83K | -622.08K | -1.02M | -2.25M | -2.36M |
| Operating Cash Flow | -2.68M | -956.83K | -600.90K | -967.41K | -2.15M | -2.27M |
| Investing Cash Flow | -299.61K | -304.00K | -21.18K | -51.65K | -100.34K | -85.41K |
| Financing Cash Flow | 6.72M | 3.08M | 227.06K | 1.45M | -92.25K | 3.47M |
dorsaVi Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | AU$16.64M | 14.77 | -135.89% | ― | -21.60% | -657.00% | |
44 Neutral | AU$33.88M | -6.22 | -78.66% | ― | -13.40% | 4.76% | |
44 Neutral | AU$4.64M | -0.87 | ― | ― | -4.86% | 64.36% | |
41 Neutral | AU$5.07M | -0.39 | ― | ― | -51.64% | -21.74% | |
37 Underperform | AU$4.54M | -2.56 | -283.40% | ― | -74.76% | 42.11% |
dorsaVi Limited Corporate Events
A substantial shareholder has notified dorsaVi Limited that it has ceased to be a substantial holder in the company as of 27 February 2026, marking a reduction in its relevant interest in the company’s voting securities. The change follows a previous substantial holding notice lodged in October 2025 and reflects adjustments in the investor’s ownership and influence over dorsaVi’s shares.
The notice also records that Menachem Amzalak is no longer a director of New Street Capital Pty Ltd, which alters the association status between him, that entity, and their voting interests in dorsaVi. This shift in both shareholding and association may modestly reshape the company’s shareholder base and governance dynamics, though no operational changes were disclosed.
The most recent analyst rating on (AU:DVL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
dorsaVi Limited has issued 80,000,000 fully paid ordinary shares as part of completing its acquisition of third-party neuromorphic enabling technology licences, advancing a deal first flagged in November 2025. The company confirmed the shares were issued without a prospectus under Australian Corporations Act provisions and stated it remains compliant with continuous disclosure and financial reporting obligations, with no additional undisclosed price-sensitive information identified at this time.
The transaction strengthens dorsaVi’s access to neuromorphic technology, potentially broadening its product capabilities and positioning within tech-enabled motion analysis and related markets. For investors, the move entails a significant equity issuance that may dilute existing holdings but is intended to underpin the company’s strategic shift into more advanced, AI-adjacent technologies while maintaining regulatory transparency.
The most recent analyst rating on (AU:DVL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
dorsaVi Ltd has applied for quotation on the ASX of 80 million new ordinary fully paid shares under its existing ticker DVL. The securities, issued on 27 February 2026, arise from transactions previously notified to the market, expanding the company’s quoted share capital and potentially broadening its investor base.
The move formalises the listing of these additional shares and reflects ongoing capital management activity by dorsaVi within the Australian equity market. The enlarged quoted float may improve trading liquidity and visibility on the ASX, with implications for existing shareholders through potential dilution alongside enhanced market access for the company.
The most recent analyst rating on (AU:DVL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
DorsaVi Limited, a provider of wearable sensor and motion analysis solutions for clinical, workplace, and sports applications, focuses on delivering objective biomechanical data to support injury assessment, risk management, and performance improvement. The company operates in specialised healthcare and occupational health markets where technology-enabled movement analytics are increasingly used to inform decision-making.
For the half-year to 31 December 2025, DorsaVi reported an 8.3% fall in revenue to $764,453 and a sharply higher after-tax loss of $3.59 million, driven mainly by a significant increase in share-based payment expenses. Despite the deeper loss and the absence of dividends, cash rose to $4.95 million and net assets increased to $5.99 million, improving net tangible assets per share and indicating a strengthened balance sheet even as operating performance remains under pressure.
The most recent analyst rating on (AU:DVL) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
dorsaVi Limited has updated its Securities Trading Policy, in line with ASX Listing Rule 12.10, and made the revised policy available on its website. The board-authorised update reinforces the company’s governance framework around securities trading by insiders and other participants, aiming to support regulatory compliance and investor confidence.
The most recent analyst rating on (AU:DVL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
dorsaVi reported a strong December quarter, with cash receipts from customers rising 50% quarter-on-quarter to $280,000, supported by rapid commercial scaling in the US physical therapy market where more than 100 new PT sites were onboarded under its five-year sales agreement with Select Medical and other major groups. The company advanced a strategic transformation toward high-value AI, robotics and neuromorphic technology, completing a leadership transition with the appointment of a new Group CEO and Executive Chairman, securing exclusive Process-In-Memory IP from Technion, launching work on 22nm RRAM integration, and ending the period with a $4.95 million cash balance, while growing its influence in sports medicine as more than 60 surgeons now prescribe its AMI assessments, reinforcing its bid to become a standard for objective return-to-play protocols.
The most recent analyst rating on (AU:DVL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
dorsaVi Limited has launched a multi-year collaboration with Taiwan’s Industrial Technology Research Institute (ITRI) and Nanyang Technological University (NTU) to advance its proprietary RRAM platform to the 22-nanometre technology node, building on existing NTU-backed 40-nm RRAM results and licensed IP. The partners will co-develop a 22-nm RRAM architecture fully compatible with TSMC’s 22-nm CMOS process, targeting higher-density, lower-energy, faster-switching embedded non-volatile memory and compute-in-memory capabilities to support ultra-low-power AI acceleration and neuromorphic computing. By aligning its advanced RRAM with standard commercial foundry production and integrating it with its sensor and process-in-memory IP, dorsaVi is positioning the platform as a cost-efficient, scalable foundation for next-generation intelligent hardware, with a clear initial commercial emphasis on robotics, wearables and medical robotics, potentially strengthening its position in ultra edge intelligence and specialized computing markets.
The most recent analyst rating on (AU:DVL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
Shareholders in dorsaVi Limited overwhelmingly approved all resolutions put to an extraordinary general meeting held on 23 January 2026, with each motion passed by more than 99% of votes cast on a poll. The meeting backed the issuance of consideration shares and endorsed the grant of performance rights to chairman Gernot Abl, reinforcing the company’s capital management plans and aligning board incentives with shareholder interests.
The most recent analyst rating on (AU:DVL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
dorsaVi Limited has requested a trading halt on its ordinary shares on the ASX as it prepares to announce the execution of a Development Collaboration Agreement for its RRAM technology. The halt, granted under ASX Listing Rule 17.1, is intended to help the company manage its continuous disclosure obligations and will remain in place until either the announcement is released or normal trading commences on 28 January 2026, signalling that a potentially significant strategic technology partnership may be imminent for the company and its stakeholders.
The most recent analyst rating on (AU:DVL) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
DorsaVi Ltd has reported the expiry of 1,171,178 listed options (ASX code DVLAA), which were scheduled to expire on various dates and at various exercise prices, and have now lapsed without being exercised. The cessation of these options slightly reduces the company’s pool of potential dilutive securities, simplifying its capital structure and clarifying the current issued capital position for existing shareholders and the market.
The most recent analyst rating on (AU:DVL) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
dorsaVi Limited has notified shareholders that it will hold its 2026 Extraordinary General Meeting as a virtual event on 23 January 2026, in line with Australian corporate regulations allowing electronic communication of meeting materials instead of mailing physical copies by default. The company is encouraging investors to participate by lodging directed proxy votes ahead of the deadline and to submit questions in advance, while also flagging that meeting arrangements may change subject to evolving conditions, underscoring an ongoing shift toward digital governance practices and flexible shareholder engagement.
The most recent analyst rating on (AU:DVL) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
dorsaVi Limited has called an extraordinary general meeting of shareholders to be held virtually on 23 January 2026, with voting primarily conducted via proxy and online participation through a webinar platform. Shareholders will be asked to approve the issue of up to 80 million consideration shares to vendors under Listing Rule 7.1 and to approve the grant of performance rights to director Gernot Abl, decisions that could significantly impact the company’s capital structure, ownership mix and executive incentives, and thereby influence governance and future strategic direction.
The most recent analyst rating on (AU:DVL) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
dorsaVi Limited has issued 2,342,009 fully paid ordinary shares under provisions of the Corporations Act that allow share issuance without a disclosure document, and has lodged a cleansing notice confirming compliance with its continuous disclosure and financial reporting obligations. The company also stated that, as at the date of the notice, it is not aware of any excluded information that would need to be disclosed, a step that helps maintain secondary trading liquidity for the new shares and signals adherence to governance and regulatory requirements for existing and prospective shareholders.
The most recent analyst rating on (AU:DVL) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
dorsaVi Limited has applied to the ASX for quotation of 2,342,009 new fully paid ordinary shares under the code DVL, with the securities issued on 23 December 2025. The additional quoted shares, which arise from previously announced transactions, will modestly expand the company’s free float and equity base, potentially enhancing liquidity in its stock and supporting ongoing corporate and capital management initiatives for existing and prospective shareholders.
The most recent analyst rating on (AU:DVL) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
dorsaVi Limited has notified the market of the planned issuance of 20 million unlisted options, each exercisable at $0.075 and expiring on 23 December 2028. The move increases the company’s pool of unquoted equity securities and may form part of its broader capital management or incentive arrangements, potentially affecting future dilution and aligning stakeholders with the company’s long‑term performance.
The most recent analyst rating on (AU:DVL) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
DorsaVi Ltd has notified the market of the issue of 24 million unquoted performance rights, designated under ASX code DVLAG, which are not intended to be quoted on the ASX. The move, disclosed via an Appendix 3G filing, signals a significant new tranche of equity-based incentives that could impact the company’s future capital structure and align management or key personnel with longer-term performance objectives.
The most recent analyst rating on (AU:DVL) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
dorsaVi Limited has notified the market of the issue of 62.5 million new unlisted options, each exercisable at $0.075 and expiring on 23 December 2028. The options, which are part of a previously announced transaction and are not intended to be quoted on the ASX, expand the company’s pool of unquoted equity instruments and may provide additional incentive or funding flexibility for the business, with potential dilution implications for existing shareholders if exercised.
The most recent analyst rating on (AU:DVL) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
dorsaVi Limited has notified the market of the issue of 24 million unquoted performance rights under the ASX code DVLAG, effective 23 December 2025. The new securities, which are not quoted and are not intended to be quoted on the ASX, form part of a previously announced transaction, signalling the company’s continued use of equity-based incentives or structures that may influence future capital structure and management or employee alignment, with potential dilutionary implications for existing shareholders over time.
The most recent analyst rating on (AU:DVL) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.
DorsaVi Limited has announced significant progress in its RRAM development program, which is crucial for the company’s future biosensing and edge-intelligent systems. The collaboration with Artemis Labs aims to optimize RRAM for integration at the 22nm technology node, enhancing its performance for neuromorphic and edge-AI applications. This development positions DorsaVi to capitalize on the growing edge AI market, projected to expand significantly by 2030, by providing advanced silicon solutions for wearables, robotics, and industrial safety products.
The most recent analyst rating on (AU:DVL) stock is a Sell with a A$0.04 price target. To see the full list of analyst forecasts on dorsaVi Limited stock, see the AU:DVL Stock Forecast page.