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Ion Video (AU:IOV)
ASX:IOV

Ion Video (IOV) AI Stock Analysis

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AU:IOV

Ion Video

(Sydney:IOV)

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Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
$0.42
The score is driven primarily by weak financial performance—minimal revenue, negative gross profit, ongoing losses and cash burn, and a negative equity position. Valuation provides limited support due to negative earnings and no dividend data, while technical positioning cannot be assessed from the missing indicators.
Positive Factors
Addressable market: video personalization & targeted ads
Linius’s Virtual Video technology targets the structural shift toward personalized streaming and ad targeting in digital video workflows. This aligns the product with durable industry demand, supporting recurring licensing opportunities and partner integrations if the tech achieves enterprise-grade scale and adoption.
Improving cash burn trend
Year-over-year reduction in cash burn signals better operational control and lengthened runway, which materially lowers near-term dilution risk. Sustained improvement provides management time to commercialize licensing and services, making the path to break-even more plausible if the trend continues.
Low absolute debt burden
Modest absolute debt keeps fixed financing costs limited, reducing near-term refinancing pressure. With low interest obligations the company can prioritize product development and sales traction, giving strategic flexibility while it pursues revenue scale or negotiates partner deals.
Negative Factors
Negative gross profit and structural unprofitability
Negative gross profit indicates core unit economics fail to cover direct costs, meaning scaling revenue alone won’t restore profitability without cost reductions or pricing/margin improvement. This is a fundamental business-model weakness that undermines sustainable margins and free-cash-flow generation.
Negative shareholders' equity and shrinking assets
A negative equity position and materially reduced assets constrain financial flexibility and can hinder access to non-dilutive capital. This structural balance-sheet weakness raises solvency and covenant risks, likely forcing reliance on dilutive funding or costly financing to sustain operations.
Very small and declining revenue base
Minimal and shrinking revenue limits the company’s ability to cover fixed costs, invest in sales/engineering, and achieve scale economies. Without a clear, sustained revenue-growth trajectory, the business remains dependent on external funding and faces long-term viability risks.

Ion Video (IOV) vs. iShares MSCI Australia ETF (EWA)

Ion Video Business Overview & Revenue Model

Company DescriptionIon Video Ltd engages in the development of technology products, software development, and commercialization and licensing of computer software in Australia. It offers Linius Video Virtualization Engine, a video virtualization engine; Whizzard Portal for video search, curation, and publication; Whizzard Highlights that automates highlight packages; Whizzard Captivate for personalized video stream; Whizzard Flick, a user interface; and Linius Video Services APIs. The company also offers Video Virtualisation Engine, a platform that turns big, bulky video files into lightweight, searchable data with AI and ML. The company was formerly known as Linius Technologies Limited and changed its name to Ion Video Ltd in November 2025. Ion Video Ltd was incorporated in 2011 and is based in Melbourne, Australia.
How the Company Makes MoneyLinius Technologies generates revenue primarily through licensing its Virtual Video technology to businesses and organizations seeking to enhance their video content capabilities. The company partners with enterprises across various sectors, providing them with the tools to create customized video experiences, which can lead to increased engagement and monetization opportunities. Linius also earns income from offering related services and support, ensuring that clients can effectively integrate and utilize its technology. Additionally, strategic collaborations and partnerships play a significant role in expanding the reach and application of Linius's solutions, contributing to its revenue growth.

Ion Video Financial Statement Overview

Summary
Very small and declining revenue, negative gross profit, and large net losses indicate the business is far from breakeven. Balance-sheet risk is elevated with negative shareholders’ equity and a shrinking asset base, and cash flow remains meaningfully negative, implying continued reliance on external funding.
Income Statement
9
Very Negative
Revenue remains very small and declined in FY2025 (to ~A$0.79M from ~A$0.81M), continuing a pattern of volatility. Profitability is the key issue: gross profit is negative (costs exceed revenue), and operating losses are large relative to revenue, with FY2025 net loss of ~A$5.3M and deeply negative margins. While losses have narrowed versus FY2022 and margins have improved from extremely weak levels in earlier years, the business is still far from breakeven.
Balance Sheet
18
Very Negative
The balance sheet shows elevated financial risk due to negative shareholders’ equity in FY2025 (about -A$3.3M), which limits flexibility and can increase funding dependence. Debt increased to ~A$1.44M in FY2025 (from zero in FY2024), while total assets declined sharply (to ~A$0.57M from ~A$1.31M), indicating a thinner asset base. A positive is that debt is not large in absolute terms, but the negative equity position and shrinking assets are material weaknesses.
Cash Flow
12
Very Negative
Cash generation remains weak with consistently negative operating cash flow and free cash flow, indicating ongoing cash burn (FY2025 operating/free cash flow about -A$2.7M). Cash burn improved versus FY2024 (less negative), but free cash flow still deteriorated slightly year over year and remains meaningfully negative. Overall, the company appears reliant on external funding until it can materially reduce losses or scale revenue.
Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Ion Video Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
* Technology Sector Average
Performance Comparison

Ion Video Corporate Events

Ion Video Director Rinarelli Steps Down but Retains Indirect Stake
Feb 4, 2026

Ion Video Ltd has notified the ASX that director Giuseppe Rinarelli ceased to be a director of the company on 4 February 2026, with his final director’s interest notice confirming he holds no securities directly in his own name. Rinarelli’s remaining exposure to Ion Video is held indirectly through JR Fire Holdings Pty Ltd , which retains 95,776 fully paid ordinary shares, 5,918 options expiring 31 July 2026 with an exercise price of $0.40, and 20,000 convertible notes, underscoring that while he has left the board he continues to have a financial stake in the company through this entity, a point of relevance for governance transparency and for investors tracking significant shareholder interests.

The most recent analyst rating on (AU:IOV) stock is a Sell with a A$0.37 price target. To see the full list of analyst forecasts on Ion Video stock, see the AU:IOV Stock Forecast page.

Ion Video Appoints New Director Finbar O’Hanlon With Significant Equity Stake
Feb 4, 2026

Ion Video Ltd has appointed Finbar O’Hanlon as a director effective 4 February 2026, according to an initial director’s interest notice lodged with the ASX. O’Hanlon holds 220,320 fully paid ordinary shares directly in the company and has an indirect interest via Papa Lazrue Pty Ltd in a total of 4 million options over Ion Video shares, including 1 million options exercisable at $0.20 expiring 31 December 2029 and 3 million options exercisable at zero exercise price expiring 31 October 2029, underscoring a significant equity alignment between the new director and shareholders without any disclosed interests in separate contracts with the company.

The most recent analyst rating on (AU:IOV) stock is a Sell with a A$0.37 price target. To see the full list of analyst forecasts on Ion Video stock, see the AU:IOV Stock Forecast page.

ION Video Brings Back Founder as Director to Drive Video Superintelligence Push
Feb 3, 2026

ION Video has strengthened its board as it seeks to position its patented technology as foundational infrastructure for Video Superintelligence, appointing CEO Anthony Baker and returning founder and original patent inventor Finbar O’Hanlon as directors, while incumbent director Joe Rinarelli steps down from the board but remains CFO. O’Hanlon’s return, following a corporate restructuring and strategic refocus on the company’s core technology, brings extensive experience in deep tech, media infrastructure, AI and innovation leadership at global organisations, a background in MPEG standardisation and content delivery networks, and prominent roles in innovation governance; the company plans to showcase its Video Superintelligence infrastructure in a February webinar, signalling an intensified push to capitalise on what it views as a major market opportunity created by the rapid mainstreaming of AI and the current limitations in real-time video composition.

The most recent analyst rating on (AU:IOV) stock is a Sell with a A$0.37 price target. To see the full list of analyst forecasts on Ion Video stock, see the AU:IOV Stock Forecast page.

Ion Video Says No Undisclosed News Behind Share Price Spike
Jan 29, 2026

Ion Video Ltd has responded to an ASX price query after its share price rose from $0.30 to $0.42 in intraday trading, stating it is not aware of any undisclosed information that could explain the movement. The company pointed to its recently completed share consolidation and confirmation that its technology launch is scheduled for 9 February 2026 as the only relevant recent developments, while affirming full compliance with ASX continuous disclosure rules and noting that its board has approved the response, signaling that the surge appears driven by market reaction to previously announced restructuring and launch plans rather than new price-sensitive information.

The most recent analyst rating on (AU:IOV) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Ion Video stock, see the AU:IOV Stock Forecast page.

ION Video Completes 100-for-1 Share Consolidation and Resets Capital Structure
Jan 29, 2026

ION Video Ltd has completed a 100-for-1 consolidation of its share capital, reducing the number of ordinary shares on issue to 90,748,058 and proportionally adjusting all other securities, including a range of listed options and convertible notes. Following the restructure, the company’s convertible notes now convert at significantly higher post-consolidation prices, and new holding statements are being issued to security holders to reflect the revised capital structure, a move that is likely aimed at improving the company’s capital efficiency, share price optics and market positioning on the ASX.

The most recent analyst rating on (AU:IOV) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Ion Video stock, see the AU:IOV Stock Forecast page.

Ion Video Issues 2.3 Million Unquoted Options Under Employee Incentive Plan
Jan 28, 2026

Ion Video Ltd has notified the market of a new issue of 2,325,000 unquoted options under its employee incentive scheme, with each option expiring on 31 December 2029. The options, which are subject to transfer restrictions and will not be quoted on the ASX until those restrictions lapse, signal the company’s ongoing use of equity-based remuneration to align staff incentives with long-term shareholder value and support retention and performance objectives.

The most recent analyst rating on (AU:IOV) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Ion Video stock, see the AU:IOV Stock Forecast page.

ION Video Details Post-Reset Strategy After Share Consolidation
Jan 28, 2026

ION Video Ltd has released a shareholder Q&A addressing investor concerns about its recent restructuring, share consolidation and strategic reset, explaining that the legacy Linius business model relied on bespoke, high-touch service projects that were costly, inefficient and fundamentally unscalable. Management says it has spent the past six months stripping out non-core activities, refocusing tightly on the company’s patented video virtualisation technology and establishing greater discipline over capital allocation, with a sharper, more focused business expected to be reflected in clearer communication around its technology offering and commercial model in the coming weeks.

The most recent analyst rating on (AU:IOV) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Ion Video stock, see the AU:IOV Stock Forecast page.

Ion Video Slashes Debt, Strengthens Balance Sheet Ahead of February Tech Relaunch
Jan 21, 2026

Ion Video Ltd has updated its Quarterly Activities Report for the December 2025 quarter to provide additional detail on cash outflows and related-party payments, while confirming that the accompanying Appendix 4C remains unchanged from its earlier January lodgement. The company outlined an aggressive restructuring program led by major shareholders Brent Jones and Anthony Baker that is scheduled for completion by the end of January 2026, including a brand relaunch and technology presentation on 9 February 2026, enhancements to its core patent-aligned technology, and the build-out of a new Melbourne-based tech team. Management reported a significantly improved financial position, with trade creditors and other payables reduced from $2.2 million at 30 June 2025 to under $280,000, early conversion of convertible notes saving an estimated $265,000 in interest, and $2.95 million in new capital raised during the quarter, 41% of which came from directors and management. Quarterly cash outflows totalled about $1.505 million, mainly for development and staff costs, and the company said ongoing cost reductions and restructuring efforts are driving operational efficiencies, leaving it confident it has sufficient cash to operate until the second quarter of 2027.

The most recent analyst rating on (AU:IOV) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Ion Video stock, see the AU:IOV Stock Forecast page.

ION Video Shareholders Back Security Consolidation and Advisor Options at General Meeting
Jan 16, 2026

ION Video Ltd has reported that all resolutions put to shareholders at its general meeting on 16 January 2026 were passed by poll, including motions to consolidate its securities and ratify a prior issue of advisor options. The strong support for these measures provides the company with an approved capital structure adjustment and validation of earlier advisory incentives, positioning it with greater flexibility for future corporate and funding initiatives as it advances its video virtualisation and personalisation technology strategy.

The most recent analyst rating on (AU:IOV) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Linius Technologies stock, see the AU:IOV Stock Forecast page.

Ion Video Slashes Debt, Exits Uneconomic Deals Ahead of Technology Relaunch
Jan 13, 2026

Ion Video Limited has reported substantial progress in its turnaround, with a major restructuring to be completed by the end of January 2026 and a formal relaunch of the ION Video brand and technology slated for 9 February 2026. Under new major shareholders and management, the company has aggressively reduced trade and other payables from $2.2 million to about $280,000, restructured its balance sheet via early conversion of convertible notes to save interest costs, and raised $2.95 million in new capital, 41% of which was contributed by directors and management. The entire technology team has been rebuilt and relocated to Melbourne, enabling tighter alignment of the platform with Ion’s core patents and access to higher-rate Australian R&D refunds, while performance-based equity incentives and the removal of external engineering consultants have cut the annualised engineering cost base to roughly $750,000. After reviewing its customer portfolio, Ion has intentionally exited or declined renewals of several legacy contracts, including IMG, Cricket Australia and multiple US and European clients, sacrificing about $500,000 in annual revenue but eliminating approximately $1.8 million in recurring engineering and third-party costs, delivering net annualised savings of $1.3 million. Management now expects a monthly cash burn of $160,000 to $190,000 and believes the company has sufficient cash to operate at least until the second quarter of 2027, ahead of unveiling a new go-to-market strategy designed to reposition Ion Video more competitively within the video technology sector.

The most recent analyst rating on (AU:IOV) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Linius Technologies stock, see the AU:IOV Stock Forecast page.

Ion Video Director Increases Holding of Convertible Notes
Dec 29, 2025

Ion Video Ltd has disclosed a change in director Giuseppe Rinarelli’s indirect interests, held via JR Fire Holdings Pty Ltd, detailing his updated securities position in the company. The filing shows Rinarelli acquired an additional 10,000 convertible notes for $10,000 under the June 2025 Note Facility, doubling his holding to 20,000 convertible notes while maintaining his existing shares and options, signaling continued financial backing from a key director and reinforcing governance transparency through timely ASX disclosure.

Ion Video Director Increases Stake via Convertible Notes
Dec 28, 2025

Ion Video Limited has disclosed a change in director Brent Jones’s interests, detailing an increase in his indirect holdings through entities Bucket 23 Pty Ltd, Unrandom Pty Ltd and Vonetta Pty Ltd. Jones subscribed for 546,250 additional convertible notes at $1 each under the company’s June 2025 Note Facility, as approved at the 2025 AGM, lifting his total convertible note holdings to 1,346,250 alongside a substantial existing stake in ordinary shares and options. The move signals continued financial backing from a key director and modestly increases insider alignment with the company’s capital-raising strategy, which may be viewed by investors as a vote of confidence in the company’s medium‑term outlook and balance sheet management.

ION Video Issues 556,250 Unquoted Convertible Notes
Dec 28, 2025

ION VIDEO LTD has notified the market of the issue of 556,250 unquoted convertible notes (security code IOVAZ) on 24 December 2025, under an existing Appendix 3B transaction framework. The move increases the company’s pool of unquoted debt-like securities that can potentially convert into equity, signalling an additional source of funding that may have implications for its future capital structure and shareholder dilution.

ION Video Switches External Auditor to William Buck
Dec 21, 2025

ION Video Ltd has appointed William Buck Audit (Vic) Pty Ltd as its new external auditor, effective 18 December 2025, following a periodic governance-driven review of its audit and assurance arrangements. The change comes after KPMG’s formal resignation as auditor, which received consent from the corporate regulator, and William Buck’s appointment will be put to shareholders for ratification at the company’s 2026 annual general meeting, reflecting a routine but notable shift in the company’s audit oversight framework.

Linius Technologies Announces Security Consolidation
Dec 12, 2025

Linius Technologies has announced a security consolidation for its issued capital, subject to shareholder approval. The consolidation will occur on a 1 for 100 basis, with the record date set for January 21, 2026, and trading in the post-consolidation securities commencing on January 20, 2026, on a deferred settlement basis. This move aims to streamline the company’s capital structure, potentially impacting its market positioning and shareholder value.

ION Video Ltd Proposes 100:1 Securities Consolidation to Optimize Capital Structure
Dec 11, 2025

ION Video Ltd has announced a proposed consolidation of its securities at a ratio of 100:1, pending shareholder approval. This move aims to create a more effective capital structure, reduce share price volatility, and make the company’s shares more appealing to a broader range of investors. The consolidation will not materially affect individual shareholder interests but is expected to increase the notional share price, potentially impacting market perceptions and investor interest.

Linius Technologies Schedules General Meeting for Shareholders
Dec 11, 2025

Linius Technologies has announced a General Meeting for its shareholders, scheduled for January 16, 2026, in Melbourne. The meeting will be a physical-only event, where shareholders can vote in person or via proxy on ordinary resolutions. The company encourages proxy voting and provides detailed instructions for online proxy lodgment. This meeting is crucial for shareholders to participate in decision-making processes and ensure their votes are counted, impacting the company’s governance and future direction.

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.Date of analysis: Feb 04, 2026