Flexiroam Ltd (AU:FRX)
ASX:FRX
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Flexiroam Ltd
(Sydney:FRX)
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Select Model
Rating:44Neutral
Price Target:
AU$0.02
▼(-15.00% Downside)
Action:ReiteratedDate: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
Diversified revenue streams
Multiple distinct revenue channels (retail, wholesale partners, enterprise contracts and platform/licensing) reduce reliance on any single customer segment. This structural diversity supports resilience to travel cycles and enables cross-selling and channel scaling with lower incremental unit costs over months.
Negative Factors
Sustained revenue declines
Material and ongoing revenue contraction weakens scale economics and reduces fixed-cost coverage. Declining top-line limits reinvestment in product, marketing and partner incentives, erodes bargaining power with carriers, and increases the risk that structural customer acquisition economics remain unprofitable over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
Multiple distinct revenue channels (retail, wholesale partners, enterprise contracts and platform/licensing) reduce reliance on any single customer segment. This structural diversity supports resilience to travel cycles and enables cross-selling and channel scaling with lower incremental unit costs over months.
Read all positive factors
Flexiroam Ltd (FRX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$30.33M
Dividend YieldN/A
Average Volume (3M)208.46K
Price to Earnings (P/E)5.9
Beta (1Y)0.34
Revenue Growth-11.11%
EPS Growth-71.43%
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% | |
53 Neutral | AU$8.79M | -4.21 | -9.80% | ― | -9.44% | 83.16% | |
45 Neutral | AU$9.96M | -1.37 | -14.37% | ― | 8.20% | 37.20% | |
44 Neutral | AU$30.33M | 5.86 | -26.59% | ― | -11.11% | -71.43% | |
42 Neutral | AU$6.23M | -1.87 | 108.60% | ― | 66.48% | 77.19% |
* Communication Services Sector Average
AU:FRX
Flexiroam Ltd
0.02
<0.01
81.82%
AU:NOR
Norwood Systems Ltd
0.01
-0.02
-59.26%
AU:5GG
Pentanet Ltd
0.02
-0.01
-32.35%
AU:HFY
Hubify Ltd.
0.02
<0.01
70.00%
Flexiroam Ltd Corporate Events
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...
FlexiRoam posts first half-year profit as AI-driven reset boosts margins and cash
Feb 27, 2026
FlexiRoam reported its first half-year statutory NPAT profit, with net profit of $1.4 million and record operating cash flow of $1.9 million for the six months to 31 December 2025, underscoring the success of its FY25 operational reset. Revenue fe...
FlexiRoam Swings to Profit on High-Margin Revenue Shift Despite Lower Sales
Feb 27, 2026
FlexiRoam Limited reported a sharp turnaround to a net profit after tax of A$1.42 million for the half year to 31 December 2025, from a A$2.12 million loss a year earlier, despite a 22% decline in revenue to A$5.94 million. Management attributed t...
FlexiRoam unveils AI-powered connectivity update in half-year investor briefing
Feb 4, 2026
FlexiRoam Limited has released an investor presentation titled “AI-Powered Global Connectivity Platform,” outlining its performance for the six months ended 31 December 2025. The presentation, which includes unaudited financial informa...
FlexiRoam Returns to Balance Sheet Strength with Record EBITDA and Positive Cash Flow
Jan 30, 2026
FlexiRoam has reported its second consecutive quarter of positive operating cash flow, helping deliver a record underlying EBITDA of $2.0 million for the first half of FY26 and marking a swing from a loss in the prior year period. The company has ...
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.
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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.