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EchoIQ Limited (AU:EIQ)
ASX:EIQ
Australian Market

EchoIQ Limited (EIQ) AI Stock Analysis

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AU:EIQ

EchoIQ Limited

(Sydney:EIQ)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
AU$0.26
▲(2.80% Upside)
The score is primarily held back by poor financial performance (shrinking revenue, negative gross profit, large losses, and persistent cash burn). Technical indicators provide a partial offset with a mildly improving trend and neutral momentum. Valuation contributes limited support due to a negative P/E and no dividend yield data.
Positive Factors
Strategic Collaboration
The collaboration with Mayo Clinic for EchoSolv HF enhances EchoIQ's credibility and market potential in the US, a key market for heart failure solutions.
AI Innovation
EchoSolv AS's AI-driven advancements position EchoIQ as a leader in medical technology, improving diagnostic accuracy and patient outcomes, especially in underserved areas.
Debt-Free Balance Sheet
A debt-free balance sheet provides EchoIQ with financial flexibility and reduces solvency risk, allowing for strategic investments and growth initiatives without financial strain.
Negative Factors
Shrinking Revenue
Shrinking revenue indicates challenges in market penetration or product adoption, which could hinder long-term growth and profitability if not addressed.
Negative Cash Flow
Persistent negative cash flow suggests reliance on external funding, which may limit operational flexibility and increase financial risk over time.
Negative Profitability
Consistently negative profitability reflects an inability to cover direct costs, posing a challenge to achieving sustainable operations and financial health.

EchoIQ Limited (EIQ) vs. iShares MSCI Australia ETF (EWA)

EchoIQ Limited Business Overview & Revenue Model

Company DescriptionEcho IQ Limited provides cardiac diagnostics support solution in Australia. The company offers artificial intelligence-assisted diagnostics technology that enhance the diagnosis of structural heart disease, as well as Aortic Stenosis. It primarily serves physicians, health systems, and patients. The company was formerly known as Houston We Have Limited and changed its name to EchoIQ Limited in December 2021. Echo IQ Limited is based in Sydney, Australia.
How the Company Makes MoneyEchoIQ Limited generates revenue primarily through the licensing of its AI-driven software solutions to businesses. The company offers subscription-based models that provide clients with continuous access to its platforms and regular updates. Additionally, EchoIQ engages in strategic partnerships with industry leaders to integrate its technology into broader service offerings, expanding its reach and client base. The company also provides consultancy and customization services, allowing clients to optimize the software for specific needs, which serves as an additional revenue stream.

EchoIQ Limited Financial Statement Overview

Summary
EchoIQ Limited is facing serious financial challenges, with declining revenues, persistent losses, and negative cash flows. Although the absence of debt reduces financial risk, the company's diminishing asset base and consistent operating losses are significant concerns for future growth.
Income Statement
EchoIQ Limited has been experiencing declining revenue and consistent negative profitability metrics. The gross profit margin is negative, indicating cost issues relative to revenue. There is also a significant decline in net income and EBIT over the years, pointing to financial instability and operational inefficiencies. Revenue growth rate is negative, showing a shrinking top line, which is concerning for a growth-oriented software company.
Balance Sheet
The balance sheet shows a strong equity position relative to total assets, indicating good financial health in terms of equity financing. However, the company has been consistently operating at a loss, which could erode equity over time. The absence of debt is a positive, reducing financial risk, but the decline in total assets suggests a contraction in the company's financial base.
Cash Flow
The cash flow analysis reveals persistent negative operating cash flow, which is a major concern for sustainability, especially in the absence of significant financing activities. The free cash flow is also negative, indicating that the company is not generating sufficient cash from its core operations to support growth or investment. This could be a red flag in terms of liquidity and operational efficiency.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue101.41K101.41K44.50K107.33K251.10K441.98K
Gross Profit-3.14M-3.14M-2.88M-7.01M-3.19M-1.75M
EBITDA-12.74M-12.74M-4.81M-7.66M-5.85M-3.14M
Net Income-13.26M-13.26M-5.41M-8.27M-5.99M-2.99M
Balance Sheet
Total Assets23.37M23.37M8.26M10.38M10.23M10.93M
Cash, Cash Equivalents and Short-Term Investments6.62M6.62M2.12M3.28M2.41M3.81M
Total Debt0.000.000.000.000.0043.83K
Total Liabilities615.41K615.41K1.49M3.00M2.21M1.10M
Stockholders Equity22.76M22.76M6.77M7.38M8.02M9.84M
Cash Flow
Free Cash Flow-6.54M-6.54M-3.92M-5.28M-2.95M-2.43M
Operating Cash Flow-6.51M-6.51M-3.92M-4.94M-2.58M-1.43M
Investing Cash Flow-11.55M-11.55M0.00-59.81K-367.33K-1.00M
Financing Cash Flow22.56M22.56M2.77M5.88M1.55M2.77M

EchoIQ Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.25
Price Trends
50DMA
0.23
Positive
100DMA
0.22
Positive
200DMA
0.24
Positive
Market Momentum
MACD
<0.01
Positive
RSI
49.97
Neutral
STOCH
28.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:EIQ, the sentiment is Neutral. The current price of 0.25 is below the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.23, and above the 200-day MA of 0.24, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.97 is Neutral, neither overbought nor oversold. The STOCH value of 28.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:EIQ.

EchoIQ Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
AU$169.08M68.995.84%10.40%-32.96%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
48
Neutral
AU$164.20M-11.15-89.84%127.89%-107.34%
44
Neutral
AU$57.82M-7.59-64.13%-38.03%-11.27%
41
Neutral
AU$10.69M-1.65-133.07%-4.90%-52.78%
40
Underperform
AU$56.79M-13.24-38.41%4.16%-0.74%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:EIQ
EchoIQ Limited
0.25
0.01
5.00%
AU:UBN
Urbanise.com
0.72
0.28
63.64%
AU:HPG
hipages Group Holdings Ltd.
1.24
-0.02
-1.98%
AU:AR9
archTIS Ltd.
0.12
0.06
100.00%
AU:PRO
Prophecy International Holdings Ltd
0.15
-0.39
-72.64%

EchoIQ Limited Corporate Events

EchoIQ Director’s Securities Interest Update
Dec 9, 2025

EchoIQ Limited has announced a change in the interests of its director, Mr. Stephen Picton, in the company’s securities. The change involves the expiration of 2,000,000 unlisted options, which were previously held indirectly through Richmond Bridge Superannuation Pty Ltd. As a result, Mr. Picton’s holdings now consist solely of 23,014,854 fully paid ordinary shares held under a custodian.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

EchoIQ Limited Announces Cessation of 10 Million Securities
Dec 9, 2025

EchoIQ Limited announced the cessation of 10 million securities due to the expiration of options without exercise or conversion. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and future securities management.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

EchoIQ Limited Releases Informational Presentation
Nov 26, 2025

EchoIQ Limited has released a presentation providing background information on its current operations. The company emphasizes that the presentation is for informational purposes only and does not constitute investment advice or an offer to sell or buy securities. EchoIQ highlights the risks associated with securities and advises recipients to seek professional advice before making investment decisions. The company also notes that its shares are not registered under the US Securities Act and cannot be offered or sold in the United States without proper registration or exemption.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

Echo IQ Achieves Milestone in Heart Failure Detection with Mayo Clinic Collaboration
Nov 23, 2025

Echo IQ Limited has successfully completed the clinical validation of its heart failure detection software, EchoSolv HF, in collaboration with the Mayo Clinic Platform. The study, which analyzed 17,000 echocardiograms, demonstrated exceptional accuracy, with a sensitivity of 99.5% and specificity of 91.0%. This milestone paves the way for the company’s FDA 510(k) submission, potentially unlocking a significant market opportunity in the US, where heart failure is a major health issue. Upon FDA clearance, Echo IQ plans to leverage its existing US market presence to promote EchoSolv HF, aiming to improve the early detection and treatment of heart failure, which is currently underdiagnosed and undertreated.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

EchoIQ Limited Issues Unquoted Equity Securities for Employee Incentive
Nov 18, 2025

EchoIQ Limited announced the issuance of unquoted equity securities, specifically options expiring in November 2028, as part of an employee incentive scheme. This issuance involves 4,000,000 options with different exercise prices, which are not intended to be quoted on the ASX, potentially enhancing employee engagement and aligning their interests with the company’s long-term goals.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

Echo IQ Showcases AI Breakthrough in Aortic Stenosis Diagnosis at AHA 2025
Nov 13, 2025

Echo IQ Limited has presented compelling data at the AHA Scientific Sessions 2025, highlighting the potential of its AI-powered tool, EchoSolv AS, to enhance the diagnosis and management of severe aortic stenosis (AS). The studies demonstrated that EchoSolv AS outperformed traditional cardiologist methods, particularly in identifying severe AS in women, and improved gender equity in diagnosis. This advancement could significantly impact patient outcomes by reducing delays in diagnosis and treatment, thereby positioning Echo IQ as a leader in AI-driven medical solutions.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

EchoIQ Limited Issues Unquoted Equity Securities
Nov 7, 2025

EchoIQ Limited has announced the issuance of unquoted equity securities, specifically options expiring in October 2028. This move involves a total of 6,000,000 options with varying exercise prices, as part of previously announced transactions. The issuance of these securities is not intended to be quoted on the ASX, indicating a strategic decision to manage equity and potentially incentivize stakeholders privately.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

Echo IQ Issues 500,000 Shares to Bolster Market Position
Nov 7, 2025

Echo IQ Limited has announced the issuance of 500,000 fully paid ordinary shares following the exercise of vested Performance Rights. These shares are part of a class of securities quoted on the Australian Securities Exchange. The issuance was conducted without disclosure to investors under specific provisions of the Corporations Act 2001, indicating compliance with relevant legal requirements. This move reflects Echo IQ’s ongoing strategic financial maneuvers to strengthen its market position and operational capabilities.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

Echo IQ Limited Releases September 2025 Quarterly Report
Oct 30, 2025

Echo IQ Limited has released its quarterly report for the period ending 30 September 2025, highlighting its corporate structure with 647,787,710 ordinary shares and a shareholder base of 4,289. The company emphasizes its commitment to leveraging AI technology to improve cardiology decision-making, which positions it strategically within the healthcare technology sector.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

EchoIQ Limited Announces Cessation of Securities
Oct 30, 2025

EchoIQ Limited has announced the cessation of 2,000,000 securities due to the expiry of options or other convertible securities without exercise or conversion, effective October 28, 2025. This cessation may impact the company’s capital structure and could have implications for stakeholders, as it reflects a change in the company’s issued capital.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

EchoIQ Limited Announces Proposed Securities Issue
Oct 30, 2025

EchoIQ Limited has announced a proposed issue of securities, specifically options expiring in October 2028, as part of a placement or other type of issue. This move could potentially impact the company’s financial strategy by raising capital through the issuance of 6,000,000 options, which may influence its market positioning and stakeholder interests.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

EchoIQ Limited Announces 2025 Annual General Meeting and Transition to Digital Communications
Oct 17, 2025

EchoIQ Limited has announced its upcoming Annual General Meeting, scheduled for November 18, 2025, in Claremont, Western Australia. The company is transitioning to electronic communication for meeting materials, encouraging shareholders to access documents online, which reflects a shift towards more sustainable and efficient operations.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

Echo IQ Limited Issues 2 Million Shares Following Performance Rights Exercise
Oct 17, 2025

Echo IQ Limited has issued 2,000,000 fully paid ordinary shares following the exercise of vested Performance Rights, as part of its securities quoted on the Australian Securities Exchange. This issuance, conducted without disclosure to investors under specific sections of the Corporations Act 2001, signifies the company’s compliance with relevant legal provisions and reflects its strategic moves in the market.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

EchoIQ Limited Director Increases Stake with Significant Share Acquisition
Oct 10, 2025

EchoIQ Limited has announced a change in the director’s interest, specifically involving Mr. Stephen Picton. The change includes the acquisition of 1,250,000 fully paid ordinary shares, valued at $227,757.25, through an on-market purchase. This adjustment increases the total number of shares held by Richmond Bridge Superannuation Pty Ltd to 23,014,854. This development reflects a strategic move by the director to increase his stake in the company, potentially signaling confidence in the company’s future performance and stability.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

Echo IQ Faces Setback in CPT Code Application but Continues Strategic Initiatives
Oct 6, 2025

Echo IQ announced that its application for a Category III Current Procedural Technology (CPT) code for EchoSolv AS in the US was unsuccessful, as per the American Medical Association’s decision. Despite this setback, the company plans to explore options for reimbursement and continue engaging with the AMA, particularly regarding the development of new CPT codes for AI-based technologies under the proposed Clinically Meaningful Algorithmic Analysis (CMAA) framework. Echo IQ remains focused on expanding the use of EchoSolv AS in the US, progressing its FDA submission for EchoSolv HF, and pursuing broader licensing and partnership opportunities, which positions it to drive adoption and create long-term value for shareholders.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

EchoIQ Limited Requests Trading Halt Pending Key Announcement
Oct 6, 2025

EchoIQ Limited has requested a trading halt on its securities pending an announcement related to its application for a Category III Current Procedural Technology (CPT) code for its EchoSolv AS product in the US. This move could potentially impact the company’s operations and market positioning, as obtaining the CPT code may enhance EchoSolv AS’s adoption and integration into medical procedures, benefiting stakeholders by potentially increasing market share and revenue.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

Echo IQ Limited Achieves Key Milestones and Expands Global Presence
Oct 2, 2025

Echo IQ Limited has achieved significant operational milestones, including a 153% increase in echocardiograms processed through its EchoSolv AS platform in the US from July to September 2025. The company is on track for FDA submission for its EchoSolv HF product following the completion of a Mayo Clinic validation study. Strategic appointments of renowned cardiologists as advisors and ongoing negotiations for European market entry further strengthen Echo IQ’s position in the industry. These developments are expected to drive increased platform usage, revenue growth, and global adoption of their technology.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

Echo IQ Announces AGM Date and Director Nomination Deadline
Sep 30, 2025

Echo IQ has announced that its Annual General Meeting will be held on 18 November 2025, with the agenda details and participation instructions to be provided in the Notice of AGM. The company has set 7 October 2025 as the deadline for director nominations, which must be submitted in writing by 5.00pm AWST.

The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.

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: Dec 30, 2025