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HitIQ Limited (AU:HIQ)
ASX:HIQ
Australian Market

HitIQ Limited (HIQ) AI Stock Analysis

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AU

HitIQ Limited

(Sydney:HIQ)

Rating:37Underperform
Price Target:
AU$0.00
â–¼(-100.00%Downside)
HitIQ Limited's stock score reflects significant financial challenges, including persistent profitability issues and high leverage, despite strong revenue growth. Technical indicators show bearish momentum with no immediate reversal signs. The valuation is unattractive due to a negative P/E ratio and lack of dividends, further impacting the stock's investment appeal.

HitIQ Limited (HIQ) vs. iShares MSCI Australia ETF (EWA)

HitIQ Limited Business Overview & Revenue Model

Company DescriptionHitIQ Limited engages in development and commercialization of concussion management technology in Australia. Its Nexus software provides comprehensive head impact data and analysis to make informed decisions to improve the quality of care for athletes. It also offers CoVR, a virtual reality based cognitive and oculomotor assessment platform, which identifies impairments across domains, such as hand-eye coordination, memory, and decision making; and CSX that provides an easy to use, sideline concussion assessment tool, which produces a digital record that can be shared with medical professionals, family, and organizations to take coordinated athlete care. The company was incorporated in 2015 and is based in Melbourne, Australia.
How the Company Makes MoneyHitIQ Limited makes money through the sale and licensing of its proprietary wearable sensor technology and related software platforms to sports organizations, teams, and leagues. The company generates revenue by providing its products as a subscription service, offering analytics and insights through its data platforms. Key revenue streams include direct sales, subscription fees, and potential collaborations with sports health institutions. Significant partnerships with sports organizations and health research entities further contribute to its earnings by expanding its market reach and enhancing the credibility of its technology.

HitIQ Limited Financial Statement Overview

Summary
HitIQ Limited shows strong revenue growth but faces significant profitability and liquidity challenges. The persistent negative net income and high leverage represent financial risks. The company's reliance on external financing to support operations indicates a precarious financial situation. Strategic improvements in operational efficiency and capital management are necessary to enhance financial stability.
Income Statement
40
Negative
The company has demonstrated significant revenue growth from $402,259 in 2020 to $4,748,879 in 2024, showcasing robust topline expansion. However, the company consistently records negative EBIT and net income, indicating ongoing operational challenges and profitability issues. Gross profit margin is low, and net profit margin remains negative, reflecting struggles in cost management and achieving profitability.
Balance Sheet
30
Negative
The balance sheet shows high leverage with a total debt exceeding stockholders' equity, resulting in a negative equity position by 2024. The debt-to-equity ratio is not meaningful due to negative equity. The equity ratio is also negative, highlighting potential financial instability and risk in the capital structure.
Cash Flow
35
Negative
Operating cash flows are consistently negative, indicating cash burn from operations. Free cash flow is also negative, suggesting that the company is reliant on external financing, evident from financing cash flows in 2024. The operating cash flow to net income ratio is not favorable, underscoring cash management issues.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
1.70M4.75M774.26K619.02K406.68K40.26K
Gross Profit
-600.45K334.63K242.73K250.05K-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 SheetCash, Cash Equivalents and Short-Term Investments
661.00K584.02K1.98M2.94M8.96M428.03K
Total Assets
3.82M3.73M3.13M4.55M9.49M2.08M
Total Debt
4.59M3.20M1.69M2.16M709.34K1.16M
Net Debt
3.93M2.61M-284.14K-779.18K-8.25M729.35K
Total Liabilities
6.17M5.20M3.18M3.38M1.56M1.70M
Stockholders Equity
-2.35M-1.47M-46.86K1.17M7.92M386.86K
Cash FlowFree 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
5.49M2.73M3.61M1.41M10.71M2.53M

HitIQ Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.03
Negative
100DMA
0.03
Negative
200DMA
0.03
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
42.18
Neutral
STOCH
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HIQ, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.18 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HIQ.

HitIQ Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (54)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
54
Neutral
$5.31B3.26-45.10%2.79%16.76%0.02%
AUHIQ
37
Underperform
AU$8.07M―
―18.53%33.17%
$293.64M―-133.28%―――
$1.07B―-10.89%―――
$12.94M―-130.18%―――
AURHT
61
Neutral
AU$18.38M140.00-3.11%―89.13%69.57%
AUSEN
44
Neutral
AU$31.46M―-31.58%―22.29%64.62%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:HIQ
HitIQ Limited
0.02
0.00
0.00%
BRCHF
BrainChip Holdings
0.16
0.01
6.67%
CAZGF
Catapult Group International
4.02
2.82
235.00%
NXSCF
Next Science Ltd
0.05
-0.14
-73.68%
AU:SEN
Senetas Corporation Limited
0.02
0.01
100.00%
AU:RHT
Resonance Health Ltd
0.04
-0.02
-33.33%

HitIQ Limited Corporate Events

HitIQ Limited Extends Securities Offer Close Date
Jun 3, 2025

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 Extends Entitlement Offer Deadline to June 20, 2025
Jun 3, 2025

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 Announces Quotation of New Securities on ASX
Jun 2, 2025

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 Partners with SMJFL to Expand Concussion Management in Junior Sports
Jun 2, 2025

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 Announces Director’s Share Acquisition
May 28, 2025

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 Partners with AFL Barwon to Enhance Concussion Management in Community Sports
May 28, 2025

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 Announces $2.92 Million Entitlement Offer
May 26, 2025

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 Launches Entitlement Offer to Boost Capital
May 26, 2025

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 Announces Entitlement Offer to Raise $2.92 Million
May 16, 2025

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 Updates Securities Issue Timetable
May 15, 2025

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 Announces Entitlement Issue to Raise $2.92 Million
May 15, 2025

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 Announces Share Placement to Strengthen Financial Position
May 9, 2025

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 Announces Quotation of New Securities on ASX
May 8, 2025

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 Updates Securities Issue Close Date
May 1, 2025

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 Resumes Trading Following Capital Raising Announcement
May 1, 2025

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 Announces Proposed Securities Issue to Boost Capital
May 1, 2025

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 Announces Proposed Securities Issue
May 1, 2025

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 Announces Proposed Securities Issue to Bolster Growth
May 1, 2025

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 Announces Proposed Securities Issue to Strengthen Market Position
May 1, 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 Announces $3.6 Million Capital Raising to Support Consumer Market Pivot
May 1, 2025

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 Targets Grassroots Sports with New Concussion Management System
Apr 30, 2025

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.

$500,000 Short-Term Loan Secured by HITIQ Limited
Apr 30, 2025

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 Suspends Trading Pending Capital Raising Announcement
Apr 30, 2025

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 Initiates Trading Halt for Capital Raising Announcement
Apr 28, 2025

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 Issues Shares to Enhance Investor Relations
Apr 14, 2025

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 Secures Additional $220,000 in R&D Tax Incentive Loan
Apr 14, 2025

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 Announces Quotation of New Securities on ASX
Apr 14, 2025

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 Announces Proposed Securities Issue
Apr 11, 2025

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 Issues Shares for Investor Relations Services
Apr 11, 2025

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 Announces Cessation of 1.5 Million Securities
Mar 27, 2025

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 Targets Consumer Market with VAFA Partnership
Mar 24, 2025

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.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.