IODM Ltd. (IOD) AI Stock Analysis

• Market Cap: AU$88.85M
• Dividend Yield: N/A
• Average Volume (3M): 88.13K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.23
• Revenue Growth: 44.80%
• EPS Growth: 7.69%
• Country: AU
• Employees: 15
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): >-0.01
• Shares Outstanding: 634,659,360
• 10 Day Avg. Volume: 20,036
• 30 Day Avg. Volume: 88,132
• PEG Ratio: 4.28
• Price to Book (P/B): -58.74
• Price to Sales (P/S): 26.52
• P/FCF Ratio: -25.64
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: AU$0.14 ▼(-2.14% Downside)

The score is driven primarily by weak financial performance, including persistent losses, ongoing cash burn, and a weakened balance sheet with negative equity. Technical indicators are broadly neutral and do not materially offset the fundamental risk, while valuation provides limited support due to a negative P/E and no dividend yield.

Positive Factors

Revenue Scale-Up

Consistent top-line scale and a marked 2025 gross profitability improvement indicate the business is beginning to achieve unit economics and product-market fit. If sustained, this supports durable operating leverage potential and a clearer path to eventual profitability over months.

Strong Revenue Growth Rate

Nearly 45% reported revenue growth reflects meaningful market traction and demand for the product suite. Sustained mid-to-high growth can enable the company to scale fixed-cost absorption, expand market share, and justify continued investment in customer acquisition and R&D over the medium term.

Improving Cash Flow Trajectory

A sharp improvement in free cash flow growth, even from a negative base, signals operational improvements or better working-capital management. If the trend continues, it reduces dependence on external funding and improves survivability and strategic optionality in the coming quarters.

Negative Factors

Deep Net Losses

Extremely negative net margins indicate current business economics cannot cover operating costs. This magnitude of loss is a structural risk: without sustained margin improvement or revenue mix changes, the company will struggle to become self-sustaining and must rely on recurrent external funding.

Deteriorated Balance Sheet

Negative equity and debt exceeding assets materially weaken solvency and increase refinancing sensitivity. This structural capital constraint limits strategic flexibility, raises creditor scrutiny, and elevates the risk of dilutive financing or distressed outcomes if operating performance slips.

Persistent Cash Burn

Consistent negative operating and free cash flow demonstrates ongoing reliance on external capital to fund operations. Over the medium term, sustained cash burn increases dilution and refinancing risk, constraining investments and making long-term planning contingent on fresh funding access.

IODM Ltd. Business Overview & Revenue Model

Company Description

IODM Limited provides cloud based software as a service in Australia, New Zealand, and the United Kingdom. It develops an automated debtor management solution that offers accounts receivable monitoring and collection management tool through a central cloud based platform for businesses. The company was incorporated in 2002 and is headquartered in Melbourne, Australia.

How the Company Makes Money

IODM Ltd. makes money primarily through subscription fees charged to businesses that use its software platform. The company offers its accounts receivable management solution on a Software-as-a-Service (SaaS) model, where clients pay regular fees based on their usage, which can vary depending on the number of users or the volume of invoices processed. Additionally, IODM may generate revenue from setup fees, premium features, or customization services. Strategic partnerships with financial institutions or other software providers may also contribute to expanding the company's market reach and customer base, thus influencing its revenue growth.

IODM Ltd. Financial Statement Overview

Summary

IODM Ltd. shows revenue growth but struggles with significant losses and financial instability. Negative margins and cash flow indicate operational and financial challenges. The negative equity suggests potential solvency concerns, requiring strategic changes for improvement.

Income Statement

The company exhibits consistent revenue growth over the years, with current revenue at 1,907,901. However, the net profit margin remains negative due to substantial net losses, impacting overall profitability. The EBIT and EBITDA margins are also negative, indicating operational inefficiencies. Despite growth potential, profitability remains a significant challenge.

Balance Sheet

The balance sheet indicates financial instability with negative stockholders' equity of -840,613, suggesting liabilities exceed assets. The debt-to-equity ratio cannot be computed due to negative equity, highlighting financial risk. The equity ratio is also negative, reflecting weak financial health and potential liquidity issues.

Cash Flow

The company has negative free cash flow (-2,442,258) and operating cash flow, which raises concerns about its ability to generate cash from operations. The negative free cash flow to net income ratio suggests challenges in converting earnings into cash, further compounded by negative cash flow growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.92M	2.76M	1.91M	1.14M	803.30K	859.49K
Gross Profit	-1.56K	2.76M	-296.42K	-862.27K	-826.22K	-658.65K
EBITDA	-2.91M	-2.75M	-2.95M	-2.24M	-2.24M	-2.11M
Net Income	-3.10M	-2.96M	-3.11M	-2.40M	-2.40M	-2.20M
Balance Sheet
Total Assets	1.35M	826.83K	929.66K	2.52M	2.00M	876.87K
Cash, Cash Equivalents and Short-Term Investments	461.12K	189.88K	282.71K	1.78M	1.19M	651.13K
Total Debt	320.90K	918.97K	709.30K	571.95K	726.47K	9.50K
Total Liabilities	1.30M	2.07M	1.77M	1.17M	1.20M	438.98K
Stockholders Equity	46.98K	-1.25M	-840.61K	1.34M	799.05K	437.89K
Cash Flow
Free Cash Flow	-1.50M	-2.86M	-2.44M	-2.08M	-1.79M	-1.64M
Operating Cash Flow	-3.06M	-2.86M	-2.44M	-2.08M	-1.79M	-1.64M
Investing Cash Flow	0.00	-1.22K	0.00	0.00	43.40K	-111.10K
Financing Cash Flow	2.69M	2.76M	949.34K	2.67M	2.28M	1.66M

IODM Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.14
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IOD, the sentiment is Positive. The current price of 0.14 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.14, and above the 200-day MA of 0.13, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 51.00 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 Positive sentiment for AU:IOD.

IODM Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RKN	72 Outperform	AU$65.13M	12.03	21.98%	4.39%	9.30%	11.68%
IRI	66 Neutral	AU$59.60M	4.37	13.76%	5.97%	-18.05%	-51.45%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
IOD	45 Neutral	AU$88.85M	-29.17	―	―	44.80%	7.69%
AR9	44 Neutral	AU$57.82M	-7.28	-64.13%	―	-38.03%	-11.27%
YOJ	44 Neutral	AU$135.07M	-18.60	-140.76%	―	-41.24%	75.68%
UBN	40 Underperform	AU$56.82M	-13.79	-38.41%	―	4.16%	-0.74%

IODM Ltd. Corporate Events

IODM Issues New Shares Under Disclosure Exemption, Confirms Regulatory Compliance

IODM Limited has issued 18,095,193 new ordinary fully paid shares at an issue price of 13 cents per share on 19 December 2025 under Australian Corporations Act provisions allowing issues without a disclosure document. The company has confirmed that it remains compliant with its financial reporting and continuous disclosure obligations and that there is no excluded information requiring disclosure, signalling to investors that the capital raising has been conducted within regulatory requirements and without undisclosed material information.

IODM Plans Capital Raise with Issue of Over 18 Million New Shares

IODM Limited, listed on the ASX under the code IOD, has announced a proposed issue of up to 18,095,193 new fully paid ordinary shares. The securities will be issued via a placement or similar capital-raising mechanism on 19 December 2025, indicating the company is moving to strengthen its capital base, which may provide additional funding capacity for its ongoing operations or future growth initiatives and could dilute existing shareholders depending on the final terms of the issue.

IODM Ltd. Reports Successful AGM Outcomes

IODM Ltd. announced the results of its Annual General Meeting held on November 13, 2025, where all resolutions were passed by poll. The meeting saw the withdrawal of Resolutions 2 and 3 due to the resignations of two directors, and Resolution 7 was also withdrawn as its condition was not met. This outcome reflects a stable governance structure and shareholder support, potentially strengthening IODM’s position in the market.

IODM Ltd. Reports Strong FY25 Growth with Focus on International Education

IODM Ltd. has reported significant growth in its financial performance for FY25, with a notable increase in total revenue to AUD 2.76 million, up 45% from the previous year. The company has seen a substantial shift towards international education, particularly in the UK, with UK education revenue rising by 29% to AUD 2.65 million. This growth is accompanied by increased investment in staff across Australia, the UK, and North America. Additionally, the number of onboarded universities has surged by 180%, indicating a strong expansion in their domestic education sector.

IODM Ltd. Announces New Director Appointment

IODM Ltd. has announced the appointment of Paul Masi as a director of the company, effective November 11, 2025. Paul Masi holds 1,326,584 ordinary shares through Synco 1 Pty Ltd AFT Socius Trust, indicating a significant stake in the company. This appointment may influence IODM Ltd.’s strategic direction and could have implications for stakeholders given Masi’s substantial shareholding.

IODM Limited Announces Director Departure

IODM Limited announced that Diana Heggie has ceased to be a director of the company as of November 11, 2025. The notice indicates that there are no relevant interests in securities or contracts associated with her departure, suggesting a straightforward resignation without financial implications for the company.

IODM Limited Announces Director Departure and Securities Update

IODM Limited announced that Paul Kasian has ceased to be a director of the company as of November 11, 2025. The notice details Kasian’s interests in securities, including unquoted options and ordinary shares held through Yongala Investments Pty Ltd. This change in directorship could impact the company’s strategic direction and stakeholder relations, given Kasian’s significant holdings and potential influence in the company.

IODM Ltd. Withdraws AGM Resolutions Amid Director Resignations

IODM Ltd. announced the withdrawal of two resolutions from their upcoming Annual General Meeting following the resignations of Ms. Diana Heggie and Dr. Paul Kasian. Despite these changes, the company assures stakeholders that the withdrawal will not have any material adverse impact on its operations or the validity of proxy votes for other business items, and it remains well-positioned to continue its strategic initiatives.

IODM Announces Board Changes Amid Global Expansion

IODM Limited has announced significant changes to its Board of Directors, with Dr. Paul Kasian stepping down as Chair and Non-Executive Director, and Karen Penney taking over as Interim Chair. The company is also welcoming Paul Masi as a new Non-Executive Director, bringing extensive experience from his previous roles in finance. These changes come as IODM focuses on international expansion into North America, Europe, and Japan, building on its growth in the UK. The board believes these strategic shifts will support the company’s ongoing global commercialisation efforts and enhance its market position.

IODM Ltd. Achieves Record Growth in Q1 FY26 with Strategic Expansion in Education Sector

IODM Ltd. reported a record increase in cash receipts for Q1 FY26, with a 76% rise compared to the previous year, driven primarily by a 116% increase in the UK education sector. The company has successfully expanded its market penetration in the UK by onboarding additional universities and launching a new student portal product, which has been well-received by educational institutions. In North America, IODM has advanced its engagement with educational institutions, completing the integration of IODM Connect with TransferMate and finalizing its marketing strategy, indicating a strategic push to enhance its presence in these regions.

IODM Ltd. Schedules Annual General Meeting for November 2025

IODM Ltd. has announced its Annual General Meeting (AGM) for shareholders, scheduled to take place on Thursday, 13 November 2025, at Clarence House in Melbourne. The notice emphasizes the importance of shareholder participation, either in person or by proxy, and outlines the voting eligibility and procedures in accordance with the Corporations Act. This meeting is crucial as it affects shareholder interests and involves proposed resolutions that require careful consideration.