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HitIQ Limited
(Sydney:HIQ)
HitIQ Limited (HIQ) vs. iShares MSCI Australia ETF (EWA)
HitIQ Limited Business Overview & Revenue Model
HitIQ Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.70M | 4.75M | 774.26K | 619.02K | 406.68K | 40.26K | Gross Profit |
| -600.45K | 334.63K | 242.73K | 250.05K | -3.28M | -2.75M | EBIT |
| -5.62M | -2.56M | -7.34M | -6.91M | -5.01M | -3.76M | EBITDA |
| -3.71M | -2.54M | -4.31M | -6.54M | -4.79M | -2.32M | Net Income Common Stockholders |
| -4.75M | -3.20M | -5.04M | -6.95M | -5.06M | -2.62M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 661.00K | 584.02K | 1.98M | 2.94M | 8.96M | 428.03K | Total Assets |
| 3.82M | 3.73M | 3.13M | 4.55M | 9.49M | 2.08M | Total Debt |
| 4.59M | 3.20M | 1.69M | 2.16M | 709.34K | 1.16M | Net Debt |
| 3.93M | 2.61M | -284.14K | -779.18K | -8.25M | 729.35K | Total Liabilities |
| 6.17M | 5.20M | 3.18M | 3.38M | 1.56M | 1.70M | Stockholders Equity |
| -2.35M | -1.47M | -46.86K | 1.17M | 7.92M | 386.86K |
| Cash Flow | Free Cash Flow | ||||
| -5.68M | -4.12M | -4.57M | -6.57M | -2.18M | -2.37M | Operating Cash Flow |
| -5.65M | -4.10M | -4.51M | -6.51M | -2.13M | -2.31M | Investing Cash Flow |
| -30.36K | -20.78K | -54.73K | -918.06K | -54.84K | -63.97K | Financing Cash Flow |
| 5.49M | 2.73M | 3.61M | 1.41M | 10.71M | 2.53M |
HitIQ Limited Technical Analysis
HitIQ Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
54 Neutral | $5.38B | 3.40 | -45.06% | 3.28% | 16.75% | -0.02% | |
37 Underperform | AU$8.07M | ― | ― | 18.53% | 33.17% | ||
| $305.78M | ― | -133.28% | ― | ― | ― | ||
| $1.08B | ― | -10.89% | ― | ― | ― | ||
| $12.52M | ― | -130.18% | ― | ― | ― | ||
61 Neutral | AU$19.76M | 140.00 | -3.11% | ― | 89.13% | 69.57% | |
44 Neutral | AU$29.81M | ― | -31.58% | ― | 22.29% | 64.62% |
HitIQ Limited Corporate Events
HITIQ Limited has announced an exclusive global agreement with Shock Doctor, the leading global mouthguard brand, to integrate HITIQ’s PROTEQT technology into a self-fit ‘boil and bite’ mouthguard. This collaboration aims to revolutionize concussion management by combining HITIQ’s sensor technology with Shock Doctor’s design expertise, enabling global commercialization and setting a new standard for athlete safety. The partnership will facilitate the production of 20,000 units in 2025 and 100,000 units in 2026, with the product being rolled out to community sports through various partnerships. This agreement positions HITIQ as a leader in the athlete safety industry, supported by World Rugby’s approval and a U.S. patent for its Nexus technology.
HitIQ Limited has announced an extension to the offer close date for its proposed issue of securities, moving it to June 20, 2025, with the issue date and lodgement of Appendix 2A with ASX now set for June 27, 2025. This extension may impact the company’s capital raising efforts and its ability to secure necessary funding, potentially influencing its strategic initiatives and market positioning.
HitIQ Limited has announced an extension to the closing date of its Entitlement Offer, now set for June 20, 2025. This extension allows more time for shareholders to participate and aligns with the company’s strategic efforts to raise capital, potentially impacting its market positioning and stakeholder engagement.
HitIQ Limited has announced the application for quotation of 2,460,000 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of an employee incentive scheme, indicating the company’s efforts to motivate and retain talent. The issuance of these securities is expected to enhance HitIQ’s market presence and potentially strengthen its financial position, impacting stakeholders positively by aligning employee interests with company performance.
HITIQ Limited has announced a one-year partnership with the South Metro Junior Football League (SMJFL), positioning itself as the Official Concussion Technology Partner for 2025. This collaboration is set to enhance the adoption of HITIQ’s PROTEQT system among over 10,000 players and 50,000 families across 25 clubs, aligning with the league’s focus on youth development and safety. The partnership, along with existing agreements with the Victorian Amateur Football Association and others in progress, aims to expand HITIQ’s presence in Australia’s junior sports market. The company is targeting to reach over 100,000 athletes aged 12 and over in the first year of PROTEQT’s commercial rollout, signaling a significant step in its strategy to lead the global concussion management market.
HitIQ Limited has announced a change in the director’s interest, with Earl Eddings acquiring an additional 922,722 ordinary shares through an on-market purchase. This transaction, valued at $18,052.15, increases Eddings’ total holdings, reflecting a strategic move that may influence the company’s market positioning and stakeholder confidence.
HITIQ Limited has announced a three-year partnership with AFL Barwon, naming HITIQ as the Official Concussion Technology Partner. This collaboration aims to expand the adoption of HITIQ’s PROTEQT smart mouthguard across over 25,000 players in 50+ clubs in Victoria, enhancing player safety and welfare. The partnership complements HITIQ’s existing agreements and supports its strategy to penetrate the consumer market, targeting over 100,000 athletes in its first year. This move is expected to solidify HITIQ’s position in community sports and drive significant growth for the company.
HitIQ Limited has announced a non-renounceable pro-rata entitlement offer to raise approximately $2.92 million. The offer includes issuing new shares and attaching options, with restrictions on participation for shareholders outside certain countries due to regulatory and cost considerations. The initiative aims to strengthen the company’s financial position, potentially impacting its market operations and stakeholder interests.
HitIQ Limited has announced the dispatch of its Entitlement Offer Prospectus, marking the opening of the offer for subscription to eligible shareholders. This move is part of a strategic financial initiative to raise capital, with significant dates outlined for the offer’s progression, including the closing date on June 6, 2025, and subsequent actions leading to the quotation of securities. The announcement underscores HitIQ’s commitment to enhancing its financial position and operational capabilities, potentially impacting its market standing and providing opportunities for stakeholders.
HitIQ Limited has announced a non-renounceable pro-rata entitlement offer, allowing shareholders to purchase one new share for every three shares held, at an issue price of $0.022 per share. The offer includes one free attaching option for every two new shares issued, exercisable at the same price before December 2028, aiming to raise approximately $2.92 million. This move is partially underwritten by GBA Capital Pty Ltd, and directors are participating as sub-underwriters. The offer aims to strengthen the company’s financial position and potentially enhance its market presence by listing new options on the ASX, providing shareholders with an opportunity to increase their investment in the company.
HitIQ Limited announced an update to its proposed securities issue, initially intended for 14 May 2025, now rescheduled to 15 May 2025. This adjustment impacts the timetable of the rights issue, reflecting the company’s ongoing efforts to align with ASX requirements and maintain transparency with its stakeholders.
HitIQ Limited has announced a non-renounceable entitlement issue, offering one share for every three shares held at $0.022 per share, along with free new options to raise up to $2.92 million. This move, partially underwritten by GBA Capital Pty Ltd, aims to strengthen the company’s financial position and support its strategic initiatives, potentially impacting its market presence and offering new opportunities for stakeholders.
HitIQ Limited, listed on the ASX under the ticker HIQ, has announced the issuance of 30,909,091 Fully Paid Ordinary Shares as part of a placement initially announced on May 1, 2025. This issuance was conducted without disclosure to holders under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant provisions of the Corporations Act. This move is authorized by the company’s Board of Directors and indicates a strategic step in capital raising, potentially impacting the company’s financial positioning and market operations.
HitIQ Limited has announced the quotation of new securities on the ASX, comprising 15,454,546 options expiring in December 2028 and 30,909,091 fully paid ordinary shares. This move is part of previously announced transactions and is expected to bolster the company’s financial position, potentially enhancing its market presence and providing additional resources for growth and development in the sports technology industry.
HitIQ Limited has updated its previous announcement regarding a proposed securities issue, correcting the Rights Issue close date to 6 June 2025. This adjustment aligns with the company’s earlier capital raise announcement, ensuring accurate information for stakeholders and maintaining transparency in its financial operations.
HitIQ Limited, a company listed on the Australian Securities Exchange (ASX), has announced that the suspension of its securities trading will be lifted. This follows the company’s release of an announcement regarding a proposed capital raising, which is expected to impact its market operations and investor relations positively.
HitIQ Limited announced a proposed issue of securities, specifically options expiring on December 30, 2028, with an exercise price of $0.022. The issuance is set to take place on June 26, 2025, and involves a total of 6,181,818 securities. This move is part of the company’s strategy to raise capital, which could potentially strengthen its market position and provide additional resources for its operations. The announcement is significant for stakeholders as it may impact the company’s financial structure and future growth opportunities.
HitIQ Limited has announced a proposed issue of securities, specifically options set to expire on December 30, 2028, with an exercise price of $0.022. This move is part of a placement or other type of issue, with the proposed issue date being June 26, 2025. The announcement reflects HitIQ’s strategic efforts to raise capital, potentially impacting its operational capacity and market positioning.
HitIQ Limited has announced a proposed issue of securities, including options expiring on December 30, 2028, and fully paid ordinary shares. This standard pro rata issue, which is non-renounceable, is set to enhance the company’s capital structure and potentially strengthen its market position by providing additional resources for growth and development. The issuance is scheduled to close on June 3, 2025, with the securities being issued on June 10, 2025.
HitIQ Limited has announced a proposed issue of securities, planning to release a total of 46,363,636 new securities, including options expiring in December 2028 and fully paid ordinary shares. This strategic move is expected to bolster the company’s financial position, potentially enhancing its market presence and operational capabilities within the sports technology industry.
HITIQ Limited has announced a capital raising initiative to gather up to $3.6 million through a combination of a placement to sophisticated investors and a non-renounceable rights issue for eligible shareholders. The funds are intended to support the company’s strategic shift towards the consumer market, highlighting its adaptability and potential for growth in a challenging capital environment.
HITIQ Limited is preparing to launch PROTEQT, a consumer-focused concussion management system, in May 2025. The system integrates a boil-and-bite mouthguard with impact detection and teleconcussion services, aiming to enhance safety in community sports. The company has secured strategic partnerships with the Victorian Amateur Football Association and Westfield Sports High, positioning PROTEQT as a key solution for grassroots athletes. Additionally, HITIQ has strengthened its financial position through loans and is planning a capital raise, supporting its growth trajectory and commitment to addressing the concussion epidemic at the community level.
HITIQ Limited, a company listed on the ASX under the ticker HIQ, has secured a $500,000 short-term loan from its major shareholder, Harmil Angel Investments. This loan is part of HITIQ’s strategy to access additional funding while conducting a capital raise, reflecting the company’s prudent capital management approach in challenging market conditions. The loan, which will be repaid in cash with a 15% interest rate, is expected to be fully drawn down soon and has a maturity date of six months from the initial drawdown. HITIQ’s Non-Executive Chairman, Earl Eddings, expressed gratitude for Harmil’s support and indicated that further details on the capital raise will be shared imminently.
HitIQ Limited has announced a voluntary suspension of its securities from quotation on the Australian Securities Exchange, pending an announcement regarding a proposed capital raising. This move, approved by the company’s board, extends a previous trading halt and is expected to conclude by the start of trading on May 1, 2025. The suspension is part of HitIQ’s strategic efforts to secure additional capital, which could impact its operational capabilities and market positioning.
HitIQ Limited has requested a trading halt on its securities pending an announcement about a proposed capital raising. This move is intended to help the company manage its disclosure obligations and is expected to conclude by the start of normal trading on April 30, 2025, or upon the release of the announcement. The trading halt reflects HitIQ’s strategic efforts to enhance its financial position, potentially impacting its market operations and investor relations.
HITIQ Limited announced the issuance of 1,000,000 fully paid ordinary shares to fulfill investor relations services. This move, executed without disclosure under specific provisions of the Corporations Act, signifies HITIQ’s compliance with relevant regulatory requirements and reflects its strategic efforts to strengthen investor relations. The announcement underscores HITIQ’s commitment to transparency and adherence to corporate governance standards, potentially bolstering its market position and stakeholder confidence.
HITIQ Limited has drawn an additional $220,000 from its secured loan facility with Rockford RDF Pty Ltd, bringing the total to $1,020,000. This drawdown provides early access to their forecasted 2025 R&D Tax Incentive, with repayment expected upon receipt of the RDTI refund by the end of 2025. This financial maneuver is consistent with previous company announcements and reflects strategic financial planning to support ongoing operations.
HitIQ Limited has announced the quotation of 1,000,000 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective April 14, 2025. This move is part of a previously announced transaction and is expected to strengthen the company’s market presence and provide additional capital for its operations, potentially impacting stakeholders positively by enhancing the company’s financial flexibility.
HitIQ Limited has announced a proposed issue of 1,000,000 ordinary fully paid securities, with the issuance scheduled for April 14, 2025. This move is part of a placement or other type of issue, and the company has applied for the quotation of these securities on the ASX, which may impact its market presence and investor relations.
HITIQ Limited has issued 1,000,000 new ordinary shares to settle a $30,000 debt with an external Investor Relations service provider, using its ASX Listing Rule 7.1 placement capacity. This move reflects the company’s strategy to prioritize capital towards business operations, potentially impacting its financial management and stakeholder relations.
HitIQ Limited announced the cessation of 1,500,000 securities due to the expiry of options without exercise or conversion, effective March 25, 2025. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.
HitIQ Limited has announced a strategic shift towards the consumer market, specifically targeting amateur and community-level athletes with its HITIQ PROTEQT system. This move is supported by a three-year partnership with the Victorian Amateur Football Association (VAFA), positioning HitIQ as the official concussion technology partner. The partnership aims to leverage HitIQ’s elite-level technology to address the growing demand for concussion safety solutions among amateur athletes. By integrating their proven technology into an affordable product, HitIQ aims to drive adoption and achieve a cash flow positive future, ultimately enhancing player safety and expanding their market presence.