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Flexiroam Ltd
(Sydney:FRX)
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Rating:45Neutral
Price Target:
AU$0.02
▲(5.00% Upside)
Action:Reiterated
Date:07/15/26
The score is primarily weighed down by weak financial performance, driven by declining revenue, ongoing losses, and negative operating/free cash flow. Technical indicators provide only modest support (moderate RSI and slightly positive MACD, but near-term overbought Stochastic), while valuation is neutral with a P/E of 22 and no dividend yield provided.
Positive Factors
Business model
Flexiroam's eSIM and global roaming platform targets structural, recurring travel and enterprise connectivity demand. As digital SIM adoption grows, the company's core product aligns with long-term industry migration, supporting recurring revenue potential via direct and B2B distribution channels.
Negative Factors
Declining revenue
A near-30% revenue decline materially weakens scale, undermines fixed-cost absorption and limits ability to invest in product and partner growth. Persistently falling top line erodes bargaining power with network suppliers and makes achieving durable profitability much more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model
Flexiroam's eSIM and global roaming platform targets structural, recurring travel and enterprise connectivity demand. As digital SIM adoption grows, the company's core product aligns with long-term industry migration, supporting recurring revenue potential via direct and B2B distribution channels.
Read all positive factors
Flexiroam Ltd (FRX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$31.85M
Dividend YieldN/A
Average Volume (3M)208.46K
Price to Earnings (P/E)22.0
Beta (1Y)0.36
Revenue Growth-22.41%
EPS GrowthN/A
CountryAU
Employees50
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,516,718,000
10 Day Avg. Volume24,470
30 Day Avg. Volume208,457
Financial Highlights & Ratios
PEG Ratio-0.14
Price to Book (P/B)2.16
Price to Sales (P/S)0.40
P/FCF Ratio-1.74
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)<0.01
Revenue Forecast (FY)AU$49.30M
Flexiroam Ltd Business Overview & Revenue Model
Company Description
Flexiroam Limited operates globally, specializing in telecommunications and Internet of Things (IoT) connectivity solutions. The company offers cellular data plans and international coverage accessible via its proprietary Flexiroam app for mobile ...
How the Company Makes Money
Flexiroam makes money primarily by selling mobile connectivity (especially international data roaming) delivered via eSIM and related digital provisioning methods. Key revenue streams typically include: (1) Direct-to-consumer sales of travel data ...
Flexiroam Ltd Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.93M | 13.58M | 15.27M | 2.76M | 3.67M | 2.52M |
| Gross Profit | 6.82M | 8.04M | 6.47M | 1.45M | 1.48M | -986.37K |
| EBITDA | 3.96M | 593.93K | 1.26M | 3.28M | -4.00M | -2.34M |
| Net Income | 1.61M | -2.00M | -1.06M | 3.00M | -4.19M | -2.39M |
Balance Sheet | ||||||
| Total Assets | 9.21M | 7.94M | 7.11M | 7.09M | 4.71M | 3.41M |
| Cash, Cash Equivalents and Short-Term Investments | 3.21M | 1.64M | 492.84K | 1.30M | 4.21M | 2.81M |
| Total Debt | 854.30K | 808.93K | 400.00K | 0.00 | 0.00 | 3.43K |
| Total Liabilities | 5.02M | 5.46M | 7.20M | 8.21M | 6.71M | 6.79M |
| Stockholders Equity | 4.19M | 2.49M | -80.75K | -1.12M | -1.99M | -3.38M |
Cash Flow | ||||||
| Free Cash Flow | -1.48M | -3.09M | -3.02M | -1.91M | -61.30K | -538.52K |
| Operating Cash Flow | -1.48M | -3.08M | -1.06M | -1.62M | 16.96K | -538.52K |
| Investing Cash Flow | -425.47K | -637.03K | -1.95M | -291.90K | -78.26K | 2.33K |
| Financing Cash Flow | 4.30M | 4.98M | 2.30M | -69.00 | 4.25M | 2.89M |
Flexiroam Ltd Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$54.37B | 24.85 | 16.66% | 3.91% | 0.26% | 36.10% | |
65 Neutral | AU$1.60B | 112.68 | 3.49% | ― | 26.11% | ― | |
62 Neutral | AU$1.70B | 68.28 | 5.01% | ― | 3.78% | -9.98% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | AU$6.97B | 68.71 | 1.31% | 47.35% | -8.68% | ― | |
54 Neutral | AU$1.55B | 54.65 | 4.61% | 1.27% | 8.25% | -11.18% | |
45 Neutral | AU$31.85M | 22.00 | -26.59% | ― | -22.41% | ― |
* Communication Services Sector Average
AU:FRX
Flexiroam Ltd
0.02
0.01
100.00%
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Flexiroam Ltd Corporate Events
FlexiRoam Strikes Global Telecom MoU to Scale AI eSIM Platform
Jul 13, 2026
FlexiRoam has entered a non-binding memorandum of understanding with a leading global telecommunications company that serves a majority of Fortune 500 enterprises. The partnership will integrate FlexiRoam’s AI eSIM Platform with the partner&...
Flexiroam Options Lapse, Trimming Potential Future Dilution
Jul 3, 2026
Flexiroam has announced the cessation of several tranches of options on issue after the conditional rights attached to them lapsed, covering a total of 930,000 options with various exercise prices and expiry dates between 2028 and 2029. The lapse ...
FlexiRoam appoints PKF Brisbane Audit Pty Ltd as new auditor after firm restructuring
May 25, 2026
FlexiRoam has announced a change of auditor, appointing PKF Brisbane Audit Pty Ltd as its new external auditor following the resignation of the PKF Brisbane Audit partnership, a move linked to an internal restructuring of PKF’s audit practic...
FlexiRoam seals Tune Protect deal to embed mobile data in travel insurance
May 10, 2026
FlexiRoam has signed a commercial partnership with White Label Sdn. Bhd., an insurtech arm of Tune Protect Group, to bundle its mobile data as a standard benefit in all eligible preset travel insurance policies. Under the agreement, FlexiRoam̵...
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.