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Excite Technology Services
(Sydney:EXT)
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Rating:43Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:Reiterated
Date:07/01/26
The score is primarily weighed down by weak financial performance: the 2026 gross margin collapse, continued losses, persistent cash burn, negative equity, and higher debt indicate elevated financial and funding risk. With technical indicators unavailable, the technical view is neutral, and valuation is also constrained by a negative P/E and no dividend yield data.
Positive Factors
Recurring managed‑services revenue
Long-term managed‑services contracts create durable recurring revenue, improving predictability of cash flows and client retention. That steady base supports planning, cross‑sell of cybersecurity/cloud services, and reduces sensitivity to single large project cycles, aiding multi‑quarter resilience.
Negative Factors
Severe gross margin deterioration
A collapse from ~100% to ~7.7% indicates a structural change in revenue mix, pricing, or cost recognition that materially erodes operating leverage. Without corrective action, such sustained low gross margins make profitable scaling difficult and constrain long‑term ability to fund growth internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring managed‑services revenue
Long-term managed‑services contracts create durable recurring revenue, improving predictability of cash flows and client retention. That steady base supports planning, cross‑sell of cybersecurity/cloud services, and reduces sensitivity to single large project cycles, aiding multi‑quarter resilience.
Read all positive factors
Excite Technology Services (EXT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$21.61M
Dividend YieldN/A
Average Volume (3M)5.10M
Price to Earnings (P/E)―
Beta (1Y)1.63
Revenue Growth74.49%
EPS Growth-5.00%
CountryAU
Employees35
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,701,704,600
10 Day Avg. Volume4,532,594
30 Day Avg. Volume5,096,607
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)-3.50
Price to Sales (P/S)0.67
P/FCF Ratio-3.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Excite Technology Services Business Overview & Revenue Model
Company Description
Excite Technology Services Limited, established in North Sydney, Australia, in 2006, specializes in developing advanced cybersecurity services and data protection technology. The company, which rebranded from Cipherpoint Limited in September 2023,...
How the Company Makes Money
Excite Technology Services generates revenue through multiple streams, primarily by providing subscription-based managed IT services, one-time project-based implementations, and licensing fees for cloud solutions. The company also profits from con...
Excite Technology Services Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2024 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.33M | 12.22M | 7.97M | 6.79M | 4.00M |
| Gross Profit | 1.63M | 12.22M | 7.97M | 6.79M | 4.00M |
| EBITDA | -3.52M | -5.65M | -1.54M | -3.21M | -9.76M |
| Net Income | -5.39M | -6.43M | -1.93M | -3.58M | -8.19M |
Balance Sheet | |||||
| Total Assets | 13.89M | 10.76M | 5.21M | 6.62M | 3.30M |
| Cash, Cash Equivalents and Short-Term Investments | 999.26K | 1.14M | 204.86K | 1.25M | 1.90M |
| Total Debt | 10.78M | 3.04M | 580.23K | 394.51K | 234.66K |
| Total Liabilities | 17.99M | 11.70M | 4.60M | 5.14M | 2.73M |
| Stockholders Equity | -4.10M | -940.44K | 332.14K | 1.36M | 267.28K |
Cash Flow | |||||
| Free Cash Flow | -4.79M | -3.70M | -875.99K | -1.80M | -3.54M |
| Operating Cash Flow | -4.53M | -3.65M | -861.91K | -1.80M | -3.29M |
| Investing Cash Flow | -259.25K | -796.71K | -14.08K | -1.94M | -1.80M |
| Financing Cash Flow | 4.65M | 3.73M | -168.45K | 2.85M | 2.88M |
Excite Technology Services Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
58 Neutral | AU$26.58M | -99.11 | -1.84% | ― | 34.48% | -165.12% | |
51 Neutral | AU$17.02M | -3.64 | -15.64% | ― | -19.91% | 35.34% | |
48 Neutral | AU$5.40M | -1.97 | -53.27% | ― | 5.00% | -1714.29% | |
43 Neutral | AU$21.61M | -2.69 | 908.86% | ― | 74.49% | -5.00% | |
43 Neutral | AU$8.35M | -0.35 | -148.39% | ― | 6.70% | 33.88% | |
40 Underperform | AU$7.91M | -2.17 | -429.54% | ― | 1.42% | 71.28% |
* Technology Sector Average
AU:EXT
Excite Technology Services
0.01
0.00
0.00%
AU:FCT
FirstWave Cloud Technology
0.01
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0.04
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0.08
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-64.62%
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0.56
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0.03
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Excite Technology Services Corporate Events
Excite Technology Services Halts ASX Trading Ahead of Capital Raising
Jul 1, 2026
Excite Technology Services Limited has requested a trading halt on its ASX-listed securities as it prepares an announcement regarding a proposed capital raising, with the halt to remain in place until either 3 July 2026 or the release of the capit...
Excite Technology Services Files ASX Governance Appendix 4G for FY2026
Jun 30, 2026
Excite Technology Services Limited has lodged its corporate governance statement and completed Appendix 4G with the ASX for the financial year ended 31 March 2026, confirming that these disclosures are current as of 30 June 2026 and approved by th...
Excite Technology Services launches Relait-powered Investor Centre to broaden investor reach
Jun 22, 2026
Excite Technology Services has launched a new online Investor Centre in partnership with Australian investor relations platform Relait, creating a centralised hub where current and prospective investors can access announcements, reports, presentat...
Excite Technology Services boosts director equity via share-based fees
Jun 17, 2026
Excite Technology Services has disclosed a change in director Neil Sinclair’s holdings, with the executive receiving 1,008,000 ordinary shares under a Director Share Plan on 16 June 2026 in lieu of cash fees. The allotment, which involves no...
Excite Technology Services Issues New Shares for Fees, Confirms Compliance
Jun 16, 2026
Excite Technology Services has issued a total of 11,614,061 fully paid ordinary shares, with 1,008,000 shares allocated to directors as fees under a share plan and 10,606,061 shares issued to a consultant in lieu of cash. The company confirmed it ...
Excite Technology Services Seeks Quotation for 10.6 Million New Shares on ASX
Jun 16, 2026
Excite Technology Services Ltd has applied to the ASX for quotation of 10,606,061 new ordinary fully paid shares under its ticker EXT. The new securities were agreed and issued on June 16, 2026, and this application formalizes their admission to t...
Excite Technology Services Seeks ASX Quotation for New Employee Scheme Shares
Jun 16, 2026
Excite Technology Services Ltd has applied for quotation on the ASX of 1,008,000 new fully paid ordinary shares, issued on June 16, 2026. The shares were issued under an employee incentive scheme and, once quoted, will increase the company’s...
Excite Technology Services Hires Spark Plus to Expand Investor Reach in Asia-Pacific
Jun 16, 2026
Excite Technology Services has appointed Singapore-based Spark Plus as its investor relations advisor, following a period of improved operational performance and record operational cash flows in late 2025. The move aims to expand the company’...
Excite Technology Services lifts revenue but posts ongoing loss amid going-concern uncertainty
May 29, 2026
Excite Technology Services Limited reported a 74% increase in revenues from ordinary activities to $21.3 million for the year ended 31 March 2026, while narrowing its after-tax loss to $5.39 million, an improvement of 16% from the prior year. No d...
Excite Technology Services Normalises Cash Receipts as Cost Cuts Bite and Contract Wins Grow
Apr 30, 2026
Excite Technology Services reported March-quarter customer receipts of $3.96 million, a return to its underlying run rate after a record December quarter, with annual cash receipts rising to $23.65 million. The company posted a $2.0 million net op...
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.