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EchoIQ Limited
(Sydney:EIQ)
EchoIQ Limited (EIQ) vs. iShares MSCI Australia ETF (EWA)
EchoIQ Limited Business Overview & Revenue Model
EchoIQ Limited Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 90.91K | 101.41K | 44.50K | 107.33K | 251.10K | 441.98K |
| Gross Profit | -9.09M | -3.14M | -2.88M | -7.01M | -3.19M | -1.75M |
| EBITDA | -15.58M | -12.74M | -4.81M | -7.66M | -5.85M | -3.14M |
| Net Income | -15.71M | -13.26M | -5.41M | -8.27M | -5.99M | -2.99M |
Balance Sheet | ||||||
| Total Assets | 17.99M | 23.37M | 8.26M | 10.38M | 10.23M | 10.93M |
| Cash, Cash Equivalents and Short-Term Investments | 11.21M | 6.62M | 2.12M | 3.28M | 2.41M | 3.81M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 43.83K |
| Total Liabilities | 718.61K | 615.41K | 1.49M | 3.00M | 2.21M | 1.10M |
| Stockholders Equity | 17.27M | 22.76M | 6.77M | 7.38M | 8.02M | 9.84M |
Cash Flow | ||||||
| Free Cash Flow | -8.34M | -6.54M | -3.92M | -5.28M | -2.95M | -2.43M |
| Operating Cash Flow | -8.28M | -6.51M | -3.92M | -4.94M | -2.58M | -1.43M |
| Investing Cash Flow | -2.06M | -11.55M | 0.00 | -59.81K | -367.33K | -1.00M |
| Financing Cash Flow | 16.21M | 22.56M | 2.77M | 5.88M | 1.55M | 2.77M |
EchoIQ Limited Technical Analysis
EchoIQ 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% | |
59 Neutral | AU$117.05M | 22.62 | 5.84% | ― | 10.40% | -32.96% | |
46 Neutral | AU$412.91M | -25.10 | -89.84% | ― | 127.89% | -107.34% | |
42 Neutral | AU$42.02M | -3.64 | -64.13% | ― | -38.03% | -11.27% | |
42 Neutral | AU$7.01M | -0.68 | -133.07% | ― | -4.90% | -52.78% | |
40 Underperform | AU$53.66M | -20.73 | -38.41% | ― | 4.16% | -0.74% |
EchoIQ Limited Corporate Events
Echo IQ Limited has released its consolidated interim financial report for the half-year ended 31 December 2025, providing stakeholders with updated financial information and corporate disclosures. The report includes details of the company’s governance structure, registered and principal offices, share registry, and audit arrangements, reinforcing its compliance and transparency as an ASX-listed entity.
The release highlights the company’s established corporate infrastructure, including an executive chair, multiple non-executive directors, and an external auditor in Perth. By formally lodging its interim financial report, Echo IQ maintains its reporting obligations to investors and regulators, supporting informed market participation and ongoing oversight of its operational and financial performance.
The most recent analyst rating on (AU:EIQ) stock is a Hold with a A$0.59 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
Echo IQ Limited reported a 10.4% year-on-year decline in revenue from ordinary activities to $90,909 for the half-year ended 31 December 2025, alongside a widened after-tax loss of $8.66 million, up 39.3% from the prior corresponding period. The company did not declare or pay any dividends and saw net tangible assets per ordinary security fall to 1.98 cents from 3.07 cents, signaling a deterioration in balance sheet backing and continued pressure on shareholder value.
Management noted that the consolidated entity’s loss increased significantly compared with the previous half-year, underscoring ongoing challenges in scaling revenues relative to expenses. With no changes in control of entities and no dividend reinvestment plan in place, the latest figures highlight a period of operational strain and capital intensity that may concern investors focused on near-term profitability and asset support per share.
The most recent analyst rating on (AU:EIQ) stock is a Hold with a A$0.59 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
EchoIQ Limited has disclosed a change in director Steve Formica’s indirect interests, reflecting the conversion of performance rights into fully paid ordinary shares. Formica, through related party entities, increased his indirect holding by 625,000 shares while an equivalent number of Class E performance rights were cancelled following vesting conditions being met.
Following the transaction, Formica now indirectly holds 28,350,000 fully paid ordinary shares, alongside existing unlisted options and remaining performance rights. The change underscores confidence linked to EchoIQ’s share price performance, as the vesting was triggered by the company’s 20-day volume-weighted average price reaching a specified threshold, modestly tightening alignment between director incentives and shareholder value.
The most recent analyst rating on (AU:EIQ) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
Echo IQ Limited has issued 1,625,000 fully paid ordinary shares following the exercise of vested performance rights, adding to its existing class of quoted securities on the Australian Securities Exchange. The company confirmed that the issuance was conducted without a prospectus under statutory exemptions, while affirming full compliance with its financial reporting and continuous disclosure obligations and stating that there is no undisclosed price-sensitive information for investors.
The move represents a routine equity issuance tied to management or staff incentives and does not introduce new capital-raising terms or additional disclosure requirements. For shareholders and the market, the notice primarily clarifies that the expanded share base has been properly listed and that Echo IQ remains in good standing with Australian corporate and securities law requirements, reducing uncertainty around regulatory or disclosure risks related to this share issue.
The most recent analyst rating on (AU:EIQ) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
EchoIQ Limited, listed on the ASX under ticker EIQ, has disclosed the issue of additional ordinary fully paid shares, though the announcement provides no detail on its core business activities or strategic focus. The company is registered in Australia and continues to comply with ASX listing requirements for disclosure of new securities.
In its latest filing, EchoIQ applied for quotation of 1,625,000 new ordinary fully paid shares to be listed on the ASX as of 20 February 2026. The new securities arise from the exercise or conversion of existing instruments, modestly expanding the company’s share base and potentially affecting ownership dispersion and liquidity for current investors.
The most recent analyst rating on (AU:EIQ) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
EchoIQ Limited has notified the market of a new issue of unquoted options as part of its employee incentive scheme. The company has created a new class of options, exercisable at $0.55 and expiring on 19 February 2028, with a total of 5 million options issued on 19 February 2026.
The move underscores EchoIQ’s continued reliance on equity-based compensation to incentivise and retain staff without immediately diluting existing shareholders through quoted securities. By structuring these as unlisted options, the company aligns employee rewards with long-term share price performance while maintaining tighter control over its capital structure.
The most recent analyst rating on (AU:EIQ) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
EchoIQ Limited has notified the market of the issue of 4,000,000 new performance rights under its employee incentive scheme, with the rights classified as unquoted securities not intended for listing on the ASX. The move underscores the company’s continued use of equity-linked awards to align staff incentives with long-term performance and shareholder value, modestly diluting existing holders while supporting talent retention in a competitive market.
The performance rights were issued on 19 February 2026 and recorded via an Appendix 3G filing, confirming the creation of a new class of unquoted securities pending final code confirmation by the ASX. While financial terms are not disclosed, the transaction signals EchoIQ’s reliance on non-cash compensation tools to manage costs and incentivise key personnel as it executes its strategic plans.
The most recent analyst rating on (AU:EIQ) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
Echo IQ has granted a total of 4,000,000 performance rights to key executives, including CEO Dustin Haines and U.S. Head of Commercial Nick Lubbers, to align leadership incentives with the company’s commercial growth in cardiology AI. The rights vest in two tranches tied to specified near-term revenue milestones to be achieved by December 2026 and June 2027, underscoring a strategic push to accelerate revenue generation and strengthen Echo IQ’s market position in AI-driven cardiology solutions.
The most recent analyst rating on (AU:EIQ) stock is a Hold with a A$0.57 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
EchoIQ Limited has reported a change in director Steve Formica’s indirect interests in the company’s securities, reflecting internal equity adjustments rather than a market transaction. The change arose from the vesting and subsequent exercise of Class D performance rights, triggered when the company’s 20-day volume-weighted average share price met a specified performance hurdle of at least $0.35, resulting in the issue of 625,000 fully paid ordinary shares and a corresponding reduction in performance rights, and aligning the director’s incentives more closely with shareholder value.
The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.62 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
Echo IQ Limited has issued 2,225,000 fully paid ordinary shares following the exercise of performance rights, expanding its quoted share capital on the ASX. The company confirmed the issuance was conducted without a prospectus under the Corporations Act’s disclosure exemptions and stated it remains compliant with its financial reporting and continuous disclosure obligations, with no excluded information, reinforcing regulatory transparency for existing and prospective shareholders.
The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.62 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
EchoIQ Limited has applied for quotation on the ASX of 2,225,000 new fully paid ordinary shares under code EIQ, with the securities issued on 30 January 2026 following the exercise or conversion of existing options or other convertible securities. The move modestly increases the company’s free-float and capital base, signalling ongoing utilisation of equity-based instruments and potentially enhancing liquidity for shareholders without disclosing additional strategic or operational changes at this stage.
The most recent analyst rating on (AU:EIQ) stock is a Buy with a A$0.62 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
Echo IQ Limited has issued 1,275,000 fully paid ordinary shares following the exercise of unlisted options priced at $0.25 and expiring on 14 June 2027, with the new shares forming part of its existing class of securities quoted on the ASX. The company confirmed that the issuance was conducted without a prospectus under the Corporations Act’s exemption provisions, and that it remains compliant with its financial reporting and continuous disclosure obligations, indicating a routine capital structure adjustment with no undisclosed information for investors.
The most recent analyst rating on (AU:EIQ) stock is a Hold 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 has applied for quotation on the ASX of 1,275,000 new ordinary fully paid shares under its ticker EIQ, with an issue date of 22 January 2026. The additional securities, issued following the exercise or conversion of existing options or other convertible securities, will expand the company’s quoted share base, modestly increasing its equity capital and potentially improving liquidity for existing and new shareholders.
The most recent analyst rating on (AU:EIQ) stock is a Hold 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 reported major progress in commercialising its AI-powered heart failure diagnostic platform in the US during the December 2025 quarter, highlighted by the clinical validation of EchoSolv HF through the Mayo Clinic Platform’s Validate program. The study, involving around 17,000 independent echocardiograms, met its primary endpoint and exceeded performance expectations, delivering 99.5% sensitivity and 91.0% specificity in detecting heart failure, and the company has now formally submitted a 510(k) premarket notification to the US Food & Drug Administration, with clearance anticipated in the coming months. EchoIQ positions this as a gateway to a US$60 billion US heart failure market, where only about half of cases are accurately diagnosed and heart failure remains the leading cause of rehospitalisation and a major cost driver for the healthcare system, while EchoSolv AS adoption continues to advance through beta testing, system integrations and partner discussions, supported by the appointment of prominent US cardiologists Dr Philippe Genereux and Dr Asif Ali to strengthen the company’s industry presence.
The most recent analyst rating on (AU:EIQ) stock is a Hold 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 has disclosed a change in the interests of director Steve Formica, whose holdings are held indirectly through related party entities Stevsand Investments Pty Ltd and Formica Investments Pty Ltd. While the number of fully paid ordinary shares and unlisted options held on his behalf remains unchanged, 625,000 performance rights expiring on 31 March 2028 have lapsed because a specified condition could not be satisfied, reducing his total performance rights from 5,000,000 to 4,375,000, with no consideration involved in the change.
The most recent analyst rating on (AU:EIQ) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
EchoIQ Limited has notified the market of changes to its issued capital, confirming that 1,625,000 performance rights expiring on 31 March 2028, trading under the ASX code EIQAAP, have ceased. The securities lapsed on 31 December 2025 because the conditions attached to those performance rights were not met or became incapable of being satisfied, slightly reducing the pool of potential future equity and adjusting the company’s long-term incentive structure for eligible holders.
The most recent analyst rating on (AU:EIQ) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
EchoIQ Limited has confirmed that 30 million options, exercisable at $0.25 and due to expire on 31 December 2025 under the ASX code EIQAAH, have lapsed unexercised, resulting in the cessation of these securities. The expiry reduces the company’s pool of outstanding options, simplifying its capital structure and potentially limiting future dilution for existing shareholders, though it does not directly change the number of ordinary shares on issue.
The most recent analyst rating on (AU:EIQ) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on EchoIQ Limited stock, see the AU:EIQ Stock Forecast page.
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 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.