Excite Technology Services Limited (AU:EXT)
ASX:EXT
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Excite Technology Services
(Sydney:EXT)
Select Model
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Rating:43Neutral
Price Target:
AU$0.01
▲(0.00% Upside)
Action:ReiteratedDate:03/24/26
The score is primarily held down by weak financial performance—persistent losses, negative free cash flow, and negative equity with rising debt. Valuation support is limited due to a non-meaningful negative P/E and no dividend. Technical analysis contributes minimally given missing indicator data.
Positive Factors
Rapid revenue growth and record receipts
A materially stronger quarter with 125% higher receipts and a positive operating cash flow item signals improving topline conversion and nearer-term self-funding potential. Sustained higher receipts reduce reliance on external capital and support scaling recurring revenue over the next several quarters.
Negative Factors
Persistent negative operating and free cash flow
Consistent negative OCF and free cash flow indicate the business still needs external funding to operate. Over months, this limits reinvestment capacity, increases financing needs, and raises the probability of further dilution or higher‑cost debt if margins do not sustainably improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid revenue growth and record receipts
A materially stronger quarter with 125% higher receipts and a positive operating cash flow item signals improving topline conversion and nearer-term self-funding potential. Sustained higher receipts reduce reliance on external capital and support scaling recurring revenue over the next several quarters.
Read all positive factors
Excite Technology Services (EXT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$15.12M
Dividend YieldN/A
Average Volume (3M)5.10M
Price to Earnings (P/E)―
Beta (1Y)0.96
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,160,355,700
10 Day Avg. Volume4,532,594
30 Day Avg. Volume5,096,607
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-23.65
Price to Sales (P/S)1.82
P/FCF Ratio-6.01
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 provides cyber security services development and data security technology to enterprise and government sectors in Australasia and Germany. It offers maintenance and support; services; digital forensics and traini...
Excite Technology Services Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
24
Negative
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2024 | Mar 2024 | Mar 2022 | Mar 2021 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.88M | 12.22M | 7.97M | 6.79M | 4.00M | 0.00 |
| Gross Profit | -2.68M | 12.22M | 7.97M | 6.79M | 4.00M | -11.29K |
| EBITDA | -5.89M | -5.65M | -1.54M | -3.21M | -9.76M | -2.35M |
| Net Income | -7.19M | -6.43M | -1.93M | -3.58M | -8.19M | -2.95M |
Balance Sheet | ||||||
| Total Assets | 19.65M | 10.76M | 5.21M | 6.62M | 3.30M | 4.27M |
| Cash, Cash Equivalents and Short-Term Investments | 1.33M | 1.14M | 204.86K | 1.25M | 1.90M | 3.97M |
| Total Debt | 9.09M | 3.04M | 580.23K | 394.51K | 234.66K | 94.80K |
| Total Liabilities | 20.29M | 11.70M | 4.60M | 5.14M | 2.73M | 525.89K |
| Stockholders Equity | -641.68K | -940.44K | 332.14K | 1.36M | 267.28K | 3.74M |
Cash Flow | ||||||
| Free Cash Flow | -5.57M | -3.70M | -875.99K | -1.80M | -3.54M | -2.46M |
| Operating Cash Flow | -5.29M | -3.65M | -861.91K | -1.80M | -3.29M | -2.46M |
| Investing Cash Flow | -1.04M | -796.71K | -14.08K | -1.94M | -1.80M | -3.00K |
| Financing Cash Flow | 4.95M | 3.73M | -168.45K | 2.85M | 2.88M | 5.55M |
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% | |
51 Neutral | AU$47.55M | -1.14 | -38.55% | ― | ― | ― | |
47 Neutral | AU$18.75M | -6.98 | -52.60% | ― | ― | ― | |
44 Neutral | AU$11.69M | -0.18 | -148.39% | ― | ― | ― | |
43 Neutral | AU$15.12M | -1.41 | 908.86% | ― | ― | ― | |
39 Underperform | AU$16.49M | -2.22 | -432.52% | ― | 8.64% | 33.88% |
* Technology Sector Average
AU:EXT
Excite Technology Services
0.01
0.00
0.00%
AU:DWG
IXUP Ltd.
0.16
-0.03
-15.79%
AU:ASV
Asset Vision
0.03
>-0.01
-9.68%
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Sovereign Cloud Holdings Ltd.
0.06
-0.04
-42.86%
AU:AI1
DC Two Ltd.
0.06
0.02
42.50%
AU:TAL
HSC Technology Group Ltd.
0.06
-0.02
-21.43%
Excite Technology Services Corporate Events
Excite Technology Services Plans Issue of March 2026 Convertible Notes
Mar 12, 2026
Excite Technology Services has notified the ASX of a proposed capital raising via a placement or similar issue structure. The company plans to issue up to 1,050,000 March 2026 Convertible Notes as a new class of securities, with the proposed issue...
Excite Technology Services Raises $1.05m via Convertible Notes to Fuel Growth
Mar 12, 2026
Excite Technology Services has secured firm commitments for a $1.05 million capital raising through the issue of unsecured convertible notes to existing sophisticated investors, offering a 15% annual interest rate, a 12‑month term, and a con...
Excite Technology Services Director Increases Stake Through Share-Based Fees
Jan 28, 2026
Excite Technology Services Limited has disclosed a change in director Neil Sinclair’s interests following the issue of 1,008,000 ordinary shares to him in lieu of cash directors’ fees under the company’s Director Share Plan on 27...
Excite Technology Services Pays Director Fees in Shares, Affirms Compliance
Jan 28, 2026
Excite Technology Services has issued 1,008,000 fully paid ordinary shares to its directors as payment for fees in lieu of cash, utilising a previously approved share plan and thereby conserving cash while compensating board members in equity. The...
Excite Technology Services Lists Over 1 Million New Shares from Employee Incentive Scheme
Jan 27, 2026
Excite Technology Services Ltd has applied for quotation on the ASX of 1,008,000 new fully paid ordinary shares, issued on 26 January 2026 under its employee incentive scheme. The move modestly increases the company’s share base and undersco...
Excite Technology Services Delivers Record Quarterly Receipts and Strengthens Government, Enterprise Contracts
Jan 21, 2026
Excite Technology Services reported a record quarter to 31 December 2025, with customer cash receipts of $9.2 million, up 125% on the prior comparable period, and positive net operating cash flow of $1.0 million, reflecting strong sales momentum f...
Excite Technology Services to Issue 53.7 Million Unquoted Performance Rights Under Staff Scheme
Jan 15, 2026
Excite Technology Services Ltd has notified the ASX of the planned issue of 53,735,000 unquoted performance rights under its employee incentive scheme, with an issue date of 5 November 2025. The large grant of performance rights signals the compan...
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.