Flexiroam Ltd (AU:FRX)
ASX:FRX
Want to see AU:FRX full AI Analyst Report?
Top Page
Flexiroam Ltd
(Sydney:FRX)
Select Model
Select Model
Rating:44Neutral
Price Target:
AU$0.02
▼(-15.00% Downside)
Action:Reiterated
Date:12/19/25
Flexiroam Ltd's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and profitability. While there is some positive short-term technical momentum, the valuation remains unattractive due to negative earnings and no dividend yield.
Positive Factors
eSIM & multi-country connectivity platform
Flexiroam's eSIM and connectivity platform targets a structural shift in roaming: over-the-air provisioning reduces friction vs physical SIMs. That capability supports scalable global provisioning, easier partner integration and persistent customer access, creating durable product-market fit if adoption grows.
Negative Factors
Sustained revenue decline and ongoing losses
Steep, persistent revenue decline and recurring operating losses undermine the firm's ability to invest in product, sales and partner development. Over the medium term this constrains scale-up of the platform, increases financing needs and weakens negotiating leverage with global carriers and distributors.
Read all positive and negative factors
Positive Factors
Negative Factors
eSIM & multi-country connectivity platform
Flexiroam's eSIM and connectivity platform targets a structural shift in roaming: over-the-air provisioning reduces friction vs physical SIMs. That capability supports scalable global provisioning, easier partner integration and persistent customer access, creating durable product-market fit if adoption grows.
Read all positive factors
Flexiroam Ltd (FRX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$27.30M
Dividend YieldN/A
Average Volume (3M)208.46K
Price to Earnings (P/E)―
Beta (1Y)0.56
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)N/A
Revenue Forecast (FY)N/A
Flexiroam Ltd Business Overview & Revenue Model
Company Description
Flexiroam Limited engages in the telecommunications and Internet of Things (IoT) connectivity business worldwide. It offers mobile data plans, coverages, and the Flexiroam app. The company also provides e-SIM capable solutions supporting a range o...
How the Company Makes Money
Flexiroam makes money primarily by selling mobile data roaming connectivity and related services. Key revenue streams include: (1) Retail (B2C) roaming data sales: customers purchase prepaid or pay-as-you-go international data bundles (often deliv...
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 |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
46 Neutral | AU$8.66M | -2.94 | -14.37% | ― | 8.86% | 58.02% | |
46 Neutral | AU$5.17M | -8.06 | -9.80% | ― | -6.48% | 78.95% | |
44 Neutral | AU$27.30M | -53.38 | -26.59% | ― | -22.41% | ― | |
43 Neutral | AU$6.23M | -6.59 | 108.60% | ― | 180.00% | 63.04% |
* Communication Services Sector Average
AU:FRX
Flexiroam Ltd
0.02
<0.01
63.64%
AU:NOR
Norwood Systems Ltd
0.01
>-0.01
-45.00%
AU:5GG
Pentanet Ltd
0.02
-0.01
-37.50%
AU:HFY
Hubify Ltd.
0.01
0.00
0.00%
Flexiroam Ltd Corporate Events
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...
FlexiRoam deepens airline deal and lands Paydibs connectivity contract
Mar 17, 2026
FlexiRoam has expanded an existing contract with a top-10 global full-service airline, moving beyond staff roaming to supply connectivity for aircraft operational data on the ground, covering flight documentation, itineraries and crew devices. The...
Flexiroam outlines H1 FY26 results with caution on forward-looking data
Mar 2, 2026
Flexiroam has released its H1 FY26 half-year results for the six months ended December 2025, presenting a high-level overview of the group’s financial performance and operations. The update, which includes auditor-reviewed but unaudited fina...
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.