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Dimerix Limited (AU:DXB)
ASX:DXB
Australian Market

Dimerix Limited (DXB) AI Stock Analysis

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AU

Dimerix Limited

(Sydney:DXB)

50Neutral
Dimerix Limited's stock score is primarily impacted by its poor financial performance, characterized by declining revenues and persistent losses. While technical analysis shows some positive momentum, the lack of profitability and challenging valuation due to negative earnings weigh heavily on the overall score. The stock may appeal to risk-tolerant investors looking for potential technical trades.

Dimerix Limited (DXB) vs. S&P 500 (SPY)

Dimerix Limited Business Overview & Revenue Model

Company DescriptionDimerix Limited (DXB) is a clinical-stage biopharmaceutical company based in Australia. The company is focused on developing innovative therapies for unmet medical needs, particularly in the areas of kidney and respiratory diseases. Its lead product candidates include DMX-200 and DMX-700, which are being developed for the treatment of focal segmental glomerulosclerosis (FSGS) and chronic obstructive pulmonary disease (COPD), respectively. Dimerix leverages its proprietary Receptor-HIT technology to identify and develop novel drug candidates.
How the Company Makes MoneyDimerix Limited primarily generates revenue through research and development activities, including potential milestone payments, licensing agreements, and partnerships with other pharmaceutical companies. The company's revenue model is heavily reliant on the successful progression of its drug candidates through clinical trials and eventual commercialization. Dimerix may also earn income through grants and government funding to support its research initiatives. The company's financial health is closely tied to its ability to secure strategic partnerships and collaborations, which can provide both financial support and industry expertise.

Dimerix Limited Financial Statement Overview

Summary
Dimerix Limited faces significant challenges with declining revenues and persistent losses. The balance sheet shows financial stability with low leverage, yet profitability remains a key concern. Cash flow reliance on financing highlights potential liquidity risks. Overall, the company needs to focus on improving revenue streams and managing costs to enhance financial performance.
Income Statement
45
Neutral
Dimerix Limited shows a declining revenue trend from 2023 to 2024, with a significant decrease in total revenue. Gross profit margin remains high as costs are minimal, but the company continues to operate at a loss with negative EBIT and net income margins. The substantial drop in revenue growth rate and persistent losses are concerning.
Balance Sheet
50
Neutral
The company maintains a low debt-to-equity ratio, indicating conservative leverage use. However, the return on equity is negative due to ongoing losses. The equity ratio is favorable, showing that a significant portion of the company's assets is financed by equity. Overall, the balance sheet reflects financial stability but lacks profitability.
Cash Flow
40
Negative
Dimerix Limited's cash flow situation is challenging, with negative operating and free cash flows. The company relies heavily on financing activities to sustain operations. The operating cash flow to net income ratio is unfavorable, reflecting the difficulty in converting income into cash flows.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
737.87K583.48K8.98M6.46M4.44M2.34M
Gross Profit
737.87K583.48K8.93M6.41M4.40M2.33M
EBIT
-31.39M-25.06M-22.82M-16.96M-10.93M-6.92M
EBITDA
-23.45M-24.96M-22.68M-16.47M-10.02M-6.82M
Net Income Common Stockholders
-23.31M-17.08M-13.80M-10.49M-6.37M-4.49M
Balance SheetCash, Cash Equivalents and Short-Term Investments
21.11M22.14M7.99M9.63M5.25M7.79M
Total Assets
21.91M32.08M17.76M16.50M9.42M10.39M
Total Debt
156.42K149.68K5.96M73.10K5.04M1.06M
Net Debt
-20.96M-21.99M-2.03M-9.56M-207.00K-6.73M
Total Liabilities
14.74M13.89M11.79M2.07M7.95M2.63M
Stockholders Equity
7.17M18.19M5.96M14.42M1.47M7.76M
Cash FlowFree Cash Flow
-18.80M-7.02M-12.73M-13.45M-6.47M-4.72M
Operating Cash Flow
-18.78M-7.00M-12.73M-13.44M-6.46M-4.72M
Investing Cash Flow
-24.96K-15.80K-2.30K-10.61K4.38K0.00
Financing Cash Flow
25.35M21.41M11.07M17.69M3.93M8.91M

Dimerix Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.60
Price Trends
50DMA
0.49
Positive
100DMA
0.47
Positive
200DMA
0.43
Positive
Market Momentum
MACD
0.04
Positive
RSI
55.53
Neutral
STOCH
9.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DXB, the sentiment is Positive. The current price of 0.6 is above the 20-day moving average (MA) of 0.57, above the 50-day MA of 0.49, and above the 200-day MA of 0.43, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 55.53 is Neutral, neither overbought nor oversold. The STOCH value of 9.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DXB.

Dimerix Limited 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
64
Neutral
AU$54.32M110.00-8.34%-5.27%50.29%
AUTLX
63
Neutral
$8.79B172.1914.52%55.85%893.42%
AUPTX
56
Neutral
AU$40.27M-36.95%11.11%
AURAC
54
Neutral
AU$251.04M-37.20%32.02%
52
Neutral
$5.15B3.02-44.64%2.83%16.44%-0.47%
AUDXB
50
Neutral
AU$344.28M-524.68%322.26%-53.98%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:DXB
Dimerix Limited
0.60
0.24
66.67%
AU:TLX
Telix Pharmaceuticals
26.00
10.63
69.16%
AU:PTX
Prescient Therapeutics Limited
0.05
0.00
0.00%
AU:RAC
Race Oncology Ltd.
1.44
-0.05
-3.36%
AU:MDR
MedAdvisor Limited
0.09
-0.23
-71.88%

Dimerix Limited Corporate Events

Dimerix Limited Issues New Securities to Bolster Market Position
May 16, 2025

Dimerix Limited has announced the issuance of 12,350,583 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing development projects, potentially impacting its market position and offering opportunities for stakeholders.

The most recent analyst rating on (AU:DXB) stock is a Buy with a A$1.36 price target. To see the full list of analyst forecasts on Dimerix Limited stock, see the AU:DXB Stock Forecast page.

Dimerix Limited Announces Quotation of New Securities on ASX
May 14, 2025

Dimerix Limited has announced the quotation of 1,808,257 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code DXB. This move is part of the company’s strategic efforts to enhance its market presence and potentially increase its shareholder base, reflecting its ongoing commitment to growth and expansion in the biotechnology sector.

The most recent analyst rating on (AU:DXB) stock is a Buy with a A$1.36 price target. To see the full list of analyst forecasts on Dimerix Limited stock, see the AU:DXB Stock Forecast page.

Dimerix Limited Announces Quotation of New Securities on ASX
May 12, 2025

Dimerix Limited has announced the quotation of 948,636 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code DXB. This move follows the exercise of options or conversion of other convertible securities, potentially enhancing the company’s liquidity and market presence.

Dimerix Limited Announces Quotation of New Securities on ASX
May 8, 2025

Dimerix Limited has announced the quotation of 3,474,780 fully paid ordinary securities on the ASX, following the exercise of options or conversion of convertible securities. This move is part of the company’s ongoing efforts to enhance its market presence and provide liquidity to its stakeholders, potentially impacting its operational capabilities and industry positioning.

Dimerix Secures US$30 Million Initial Payment from Amicus for DMX-200 Licensing
May 5, 2025

Dimerix Limited has received an initial payment of US$30 million from Amicus Therapeutics as part of a licensing agreement for the commercialization of DMX-200 in the United States. This agreement, along with others, positions Dimerix to potentially earn up to AU$1.4 billion in upfront and milestone payments, plus royalties, significantly enhancing its financial and operational capabilities to advance DMX-200 as a treatment for FSGS. The company retains rights to DMX-200 in territories not covered by existing agreements and continues to seek additional licensing opportunities.

Dimerix Limited Announces Quotation of New Securities on ASX
May 1, 2025

Dimerix Limited has announced the quotation of 581,561 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code DXB, effective May 1, 2025. This move reflects the company’s ongoing efforts to enhance its market presence and provide additional liquidity for its stakeholders.

Dimerix Announces US Licensing Deal for Kidney Disease Drug
May 1, 2025

Dimerix Limited announced a US licensing transaction for their Phase 3 clinical asset, DMX-200, aimed at treating Focal Segmental Glomerulosclerosis (FSGS), a rare kidney disease. The company is hosting an investor webinar to discuss this development and the progress of their clinical trials. This move is significant for Dimerix as it could enhance their market positioning by addressing an unmet medical need and potentially securing market exclusivity through Orphan Drug Designation incentives in the US and Europe.

Dimerix and Amicus Enter Exclusive U.S. License Agreement for DMX-200
May 1, 2025

Dimerix Limited and Amicus Therapeutics have entered into an exclusive license agreement for the commercialization of Dimerix’s Phase 3 drug candidate DMX-200 in the United States. This agreement grants Amicus the rights to commercialize DMX-200 for Focal Segmental Glomerulosclerosis (FSGS), a rare kidney disease with no FDA-approved therapies, while Dimerix retains commercialization rights outside the U.S. The deal includes an upfront payment of US$30 million to Dimerix, with potential milestone payments and royalties based on sales and development achievements. This collaboration is expected to enhance Dimerix’s market positioning by leveraging Amicus’s regulatory and commercial expertise, potentially transforming treatment options for FSGS patients.

Dimerix Advances with FDA Approval and New Licensing Deal
Apr 30, 2025

Dimerix Limited announced significant progress in its quarterly activities report, highlighting a positive meeting with the FDA that confirmed proteinuria as an acceptable endpoint for marketing approval of DMX-200 in the US. The company also secured a development and license agreement with Fuso Pharmaceutical Industries for DMX-200 in Japan, potentially worth up to ¥10.5 billion, and continued to receive strong partnering interest globally. These developments, alongside its inclusion in the S&P ASX All Ordinaries, position Dimerix favorably in the biopharmaceutical industry, with potential implications for stakeholders through expanded market reach and financial growth.

Dimerix Limited Issues New Securities to Bolster Market Position
Apr 28, 2025

Dimerix Limited has announced the issuance of 20,250 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code DXB as of April 28, 2025. This move reflects the company’s ongoing efforts to strengthen its financial position and enhance its market presence, potentially impacting its operational capabilities and investor relations positively.

FDA Endorsement Boosts Dimerix’s DMX-200 Path to Approval
Apr 28, 2025

Dimerix Limited announced a significant development in its Phase 3 clinical trial for DMX-200, as the FDA confirmed proteinuria as an acceptable primary endpoint for full marketing approval in the US for treating Focal Segmental Glomerular Sclerosis (FSGS). This decision aligns with Dimerix’s previous clinical findings and could potentially expedite the drug’s market entry, offering hope for patients with this progressive disease.

Dimerix Limited Issues New Securities to Boost Market Position
Apr 22, 2025

Dimerix Limited has announced the issuance of 13,125 ordinary fully paid securities, which will be quoted on the Australian Securities Exchange (ASX) under the code DXB. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing development projects, potentially strengthening its market position and offering new opportunities for stakeholders.

Dimerix Limited Announces Quotation of New Securities on ASX
Apr 16, 2025

Dimerix Limited announced the quotation of 152,501 new ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code DXB. This move reflects the company’s ongoing efforts to enhance its capital structure and potentially improve its market positioning, offering stakeholders an opportunity to engage with the company’s growth trajectory.

Dimerix Showcases Phase 3 Kidney Disease Asset at ASX CEO Connect
Apr 14, 2025

Dimerix Limited announced its participation in the ASX CEO Connect event, highlighting its Phase 3 clinical asset in kidney disease. The company is working on DMX-200, which has shown promising results in addressing the unmet medical needs of FSGS, a rare and severe kidney disease. With Orphan Drug Designation in the US and Europe, Dimerix is poised for potential market exclusivity and accelerated regulatory pathways, which could significantly impact its market position and offer new hope for patients with limited treatment options.

Dimerix Limited Announces Quotation of New Securities on ASX
Apr 10, 2025

Dimerix Limited has announced the quotation of 5,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code DXB, effective April 10, 2025. This move reflects the company’s ongoing efforts to enhance its financial flexibility and strengthen its market presence, potentially benefiting stakeholders by increasing liquidity and visibility in the market.

Dimerix Updates Securities Trading Policy Amidst Clinical Advancements
Apr 7, 2025

Dimerix Limited has updated its Securities Trading Policy to align with current listing rules, reflecting its ongoing commitment to regulatory compliance. This update comes as the company continues to advance its Phase 3 clinical asset in kidney disease, potentially impacting its market operations and stakeholder interests.

Dimerix Limited Announces Quotation of New Securities on ASX
Apr 4, 2025

Dimerix Limited has announced the quotation of 5,352 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of April 4, 2025. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market positioning, which could have implications for its stakeholders by increasing liquidity and potentially attracting more investors.

Dimerix Limited Announces Quotation of New Securities on ASX
Apr 2, 2025

Dimerix Limited announced the quotation of 12,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code DXB, effective April 2, 2025. This move is part of the company’s strategic efforts to enhance its financial flexibility and support its ongoing research and development initiatives, potentially impacting its market positioning and stakeholder interests positively.

Dimerix to Present at HealthInvest Summit 2025 Highlighting FSGS Clinical Trial Progress
Apr 1, 2025

Dimerix Limited announced that its CEO, Dr. Nina Webster, will present at the HealthInvest Summit 2025 in Sydney, highlighting the status of its ACTION3 Phase 3 clinical trial for FSGS kidney disease. The presentation will also cover updates from a recent FDA meeting and discuss the commercial potential of their therapies. This announcement underscores Dimerix’s strategic focus on addressing unmet medical needs in the kidney disease market, potentially strengthening its position in the biopharmaceutical industry and offering significant implications for stakeholders, given the lack of approved treatments for FSGS.

Dimerix Limited Announces Quotation of New Securities on ASX
Mar 28, 2025

Dimerix Limited has announced the quotation of 84,167 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code DXB. This move signifies the company’s ongoing efforts to enhance its financial standing and operational capabilities, potentially impacting its market position and stakeholder interests positively.

Dimerix Limited Announces Quotation of New Securities on ASX
Mar 26, 2025

Dimerix Limited has announced the application for quotation of 98,301 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective from March 25, 2025. This move reflects the company’s ongoing efforts to enhance its financial flexibility and potentially strengthen its market position by increasing its capital base, which could have implications for its growth strategy and stakeholder interests.

Dimerix Limited Announces Quotation of New Securities on ASX
Mar 20, 2025

Dimerix Limited has announced the quotation of 2,599 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code DXB. This move is part of the company’s ongoing efforts to enhance its financial flexibility and strengthen its market position, potentially impacting its operational capabilities and providing value to its stakeholders.

Dimerix Limited Announces Quotation of New Securities on ASX
Mar 14, 2025

Dimerix Limited has announced the quotation of 23,278 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code DXB, effective March 14, 2025. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing development projects, potentially strengthening its position in the biotechnology sector and offering new opportunities for stakeholders.

Dimerix to Present at Euroz Hartleys Conference, Highlighting Progress in Kidney Disease Treatment
Mar 12, 2025

Dimerix Limited announced that its CEO, Dr. Nina Webster, will present at the Euroz Hartleys Institutional Conference, highlighting the company’s progress in developing DMX-200, a Phase 3 clinical asset for kidney disease. The announcement underscores Dimerix’s strategic positioning in addressing unmet medical needs in the kidney disease market, particularly with its focus on FSGS, a rare and severe condition with limited treatment options. The company’s efforts are bolstered by Orphan Drug Designation in the US and Europe, which provides incentives for developing treatments for rare diseases.

Dimerix Limited Announces Quotation of New Securities on ASX
Mar 6, 2025

Dimerix Limited has announced the quotation of 1,000 new fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code DXB, effective from March 6, 2025. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing development projects, potentially impacting its market position and offering new opportunities for stakeholders.

Dimerix Secures Initial Payment from FUSO for DMX-200 Licensing in Japan
Mar 3, 2025

Dimerix Limited has received an initial payment of ¥300 million from FUSO Pharmaceutical Industries as part of a licensing agreement for the commercialization of DMX-200 in Japan. This agreement, along with others with Advanz Pharma and Taiba, positions Dimerix to potentially receive up to AU$458 million in payments and royalties, supporting the advancement of DMX-200 as a treatment for FSGS. The company is also focusing on expanding its licensing agreements in major markets such as the US and China.

Dimerix Limited Announces Quotation of New Securities on ASX
Mar 3, 2025

Dimerix Limited has announced the quotation of 147,275 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code DXB, effective March 3, 2025. This move is part of the company’s strategy to enhance its financial flexibility and support ongoing development projects, potentially strengthening its position in the biotechnology market.

Dimerix Limited to Quote New Securities on ASX
Feb 21, 2025

Dimerix Limited announced the quotation of 33,084 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code DXB, following the exercise of options or conversion of convertible securities. This move is part of Dimerix’s ongoing efforts to bolster its financial standing and enhance its operational capacity, potentially strengthening its position in the biotech industry and benefiting stakeholders.

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.