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Impedimed Limited (AU:IPD)
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Impedimed Limited (IPD) AI Stock Analysis

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AU:IPD

Impedimed Limited

(Sydney:IPD)

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Neutral 48 (OpenAI - 4o)
Rating:48Neutral
Price Target:
AU$0.00
▼(-100.00% Downside)
Impedimed Limited's overall stock score is primarily impacted by its financial performance challenges, including profitability and cash flow issues. The technical analysis and valuation further contribute to a cautious outlook. However, positive developments in reimbursement coverage and revenue growth provide some optimism, as highlighted in the earnings call.

Impedimed Limited (IPD) vs. iShares MSCI Australia ETF (EWA)

Impedimed Limited Business Overview & Revenue Model

Company DescriptionImpedimed Limited (IPD) is a medical technology company specializing in non-invasive bioimpedance spectroscopy for the assessment and management of lymphedema and other fluid-related conditions. The company operates primarily in the healthcare sector, focusing on improving patient outcomes through its innovative diagnostic and monitoring devices. Its core products include the SENSIMED and the SOZO systems, which are designed to provide clinicians with real-time data on fluid status in patients, particularly in oncology and chronic disease management.
How the Company Makes MoneyImpedimed generates revenue primarily through the sale of its medical devices and related software solutions. The company operates a recurring revenue model by offering subscription services for its SOZO platform, which provides ongoing monitoring and data analytics for healthcare providers. Additionally, revenue is supplemented through partnerships with hospitals and clinics, which often involve training and support services for the implementation of its technology. Key partnerships with healthcare institutions and participation in clinical studies also enhance its market reach and credibility, contributing to its earnings.

Impedimed Limited Earnings Call Summary

Earnings Call Date:Oct 30, 2025
(Q1-2026)
|
% Change Since: |
Next Earnings Date:Feb 20, 2026
Earnings Call Sentiment Neutral
The call presented a mixed sentiment with significant achievements in reimbursement coverage and revenue growth. However, these positives were balanced by challenges in U.S. sales, cash flow concerns, and impacts from currency fluctuations.
Q1-2026 Updates
Positive Updates
Increased Reimbursement Coverage
Reimbursement coverage for BIS as medically necessary has expanded significantly, with states having over 90% coverage increasing from 7% to 27% since June 30.
Record Revenue Achievement
Achieved a record quarterly revenue of $3.6 million, representing a 33% year-on-year increase.
Strong Position in U.S. Hospitals
SOZO devices are now in 18 of the top 25 U.S. hospitals, with over 600 devices across the U.S. healthcare system.
Positive Trends in Heart Failure and Body Composition
Heart failure and body composition segments are on track with promising commercial pilots and market interest.
Negative Updates
Decline in Cash Receipts
Cash receipts from customers decreased by 11% quarter-on-quarter due to timing of receipts.
Challenges in U.S. Sales
U.S. sales were softer than anticipated, with several deals delayed and not finalized during the quarter.
Operating Cash Flow Concerns
Reported an operating cash flow of $5.6 million, inflated by a one-off $1.1 million payment for electronic components.
Impact of Currency Fluctuations
The strengthening Australian dollar had an unfavorable impact on cash and annual recurring revenue.
Company Guidance
During the call, ImpediMed provided several key metrics and insights regarding their performance and future outlook. The company reported an operating cash flow of $5.6 million for the quarter, influenced by a one-off payment of $1.1 million for electronic components. Cash receipts from customers were $3.4 million, down from the previous quarter's $3.8 million due to timing of receipts. The company's cash balance stood at $23 million, equating to 4.1 quarters of operating cash flow. Total contract value (TCV) for the quarter was $4.7 million, and annual recurring revenue (ARR) was $14.4 million, marking a 24% year-on-year increase. Additionally, the company highlighted a significant increase in reimbursement coverage, with states having over 80% coverage jumping from 25% to 42%, and those with over 90% coverage nearly quadrupling from 7% to 27% since June 30. Despite a softer quarter for U.S. sales, ImpediMed remains optimistic for a rebound, supported by strategic expansions in heart failure and body composition markets. They also emphasized the importance of maintaining financial discipline and the ongoing focus on maximizing revenue across their largely fixed cost base.

Impedimed Limited Financial Statement Overview

Summary
Impedimed Limited is facing challenges with revenue contraction and profitability despite improvements in gross profit. The balance sheet is strong with low leverage, but persistent losses and negative cash flows highlight ongoing financial risks. Focus on improving cash generation and profitability is crucial for future stability.
Income Statement
45
Neutral
Impedimed Limited has shown a decline in total revenue from AUD 11.34 million in 2023 to AUD 10.32 million in 2024. The gross profit margin improved significantly from negative in previous years to positive, however, the company continues to struggle with negative EBIT and net profit margins, indicating ongoing challenges in achieving profitability.
Balance Sheet
50
Neutral
The company maintains a strong equity position with a high equity ratio of 86.7% in 2024, indicating financial stability. The debt-to-equity ratio is low at 0.03, reflecting minimal leverage. However, the consistent net losses impact the return on equity, which remains negative.
Cash Flow
40
Negative
Operating cash flow remains negative, and while free cash flow improved slightly, it is still negative at AUD -20.89 million in 2024. The free cash flow to net income ratio indicates that cash outflows surpass net losses, posing liquidity risks if this trend continues.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue11.54M12.72M10.32M11.34M10.57M8.41M
Gross Profit10.14M10.97M9.01M-13.65M-13.35M-12.20M
EBITDA-21.08M-17.55M-22.05M-20.49M-18.65M-20.70M
Net Income-21.22M-23.24M-19.79M-20.52M-19.87M-20.71M
Balance Sheet
Total Assets39.19M41.66M46.99M68.74M58.70M34.20M
Cash, Cash Equivalents and Short-Term Investments17.69M22.18M24.63M45.71M40.73M19.68M
Total Debt1.05M14.49M1.14M1.45M170.00K474.00K
Total Liabilities6.87M21.16M6.24M7.86M7.66M8.69M
Stockholders Equity32.32M20.50M40.74M60.88M51.04M25.51M
Cash Flow
Free Cash Flow-19.72M-15.63M-20.89M-24.09M-20.89M-15.71M
Operating Cash Flow-18.29M-14.64M-17.79M-18.05M-15.66M-13.26M
Investing Cash Flow-2.02M-989.00K-3.10M-6.04M-5.22M-2.46M
Financing Cash Flow-462.00K13.64M-481.00K27.93M39.92M16.47M

Impedimed Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.04
Price Trends
50DMA
0.04
Negative
100DMA
0.04
Negative
200DMA
0.04
Negative
Market Momentum
MACD
<0.01
Positive
RSI
43.87
Neutral
STOCH
54.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IPD, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.04, and below the 200-day MA of 0.04, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 43.87 is Neutral, neither overbought nor oversold. The STOCH value of 54.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:IPD.

Impedimed Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AU$64.39M-48.55-6.35%2.23%-263.16%
AU$70.12M-128.19%-14.25%-22.83%
$7.86B-0.30-43.30%2.27%22.53%-2.21%
AU$45.57M-44.16%25.47%14.08%
$79.41M-74.00%23.31%-17.35%
AU$170.03M-16.13-70.55%-257.32%
AU$81.13M-31.98%34.20%-23.90%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:IPD
Impedimed Limited
0.04
-0.02
-29.09%
AU:EYE
Nova Eye Medical
0.16
>-0.01
-3.03%
AU:CMP
Compumedics Limited
0.34
0.04
13.33%
AU:CYC
Cyclopharm Limited
0.67
-0.79
-54.11%
AU:MX1
Micro-X Ltd.
0.10
0.03
42.86%
AU:EMV
EMvision Medical Devices Ltd.
1.77
-0.18
-9.23%

Impedimed Limited Corporate Events

Impedimed Limited’s Earnings Call: Mixed Sentiments and Strategic Insights
Oct 31, 2025

Impedimed Limited’s recent earnings call conveyed a mixed sentiment, highlighting both significant achievements and notable challenges. The company celebrated advancements in reimbursement coverage and revenue growth, yet faced hurdles in U.S. sales, cash flow issues, and adverse effects from currency fluctuations.

ImpediMed Limited Reports Record Revenue in Q1 FY26
Oct 30, 2025

ImpediMed Limited, a medical technology company specializing in bioimpedance spectroscopy, offers innovative solutions for patient health management, particularly in lymphoedema, heart failure, and body composition. The company’s latest quarterly report reveals a record revenue of A$3.6 million, driven by strong demand for its SOZO Digital Health Platform. Despite a decrease in Total Contracted Value compared to the previous quarter, the company achieved an Annual Recurring Revenue of A$14.4 million, highlighting its resilience amid currency fluctuations. ImpediMed’s strategic initiatives include the launch of SOZO Pro, enhancing its market position and expanding its reach in the US healthcare sector. The company maintains a robust cash balance of A$23.0 million, ensuring continued investment in growth opportunities. Looking ahead, ImpediMed remains focused on expanding its market presence and achieving cash flow break-even, supported by its innovative product offerings and strategic partnerships.

ImpediMed Limited Releases Q1 FY26 Investor Presentation
Oct 29, 2025

ImpediMed Limited has released an investor presentation detailing its Q1 FY26 results, which will be delivered to investors and analysts. This announcement is part of the company’s ongoing efforts to maintain transparency with stakeholders and provide insights into its financial performance and strategic direction.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

ImpediMed Reports Record Revenue and Expands Market Presence in Q1 FY26
Oct 29, 2025

ImpediMed Limited reported a record revenue of A$3.6 million for the first quarter of FY26, despite challenges such as a stronger Australian dollar and delays in hospital approvals. The company is expanding its market presence with over 600 SOZO units installed in leading US hospitals and new system agreements providing access to over 700 hospitals. The launch of SOZO Pro, the only FDA-cleared BIS device for patients with cardiac implantable devices, is expected to drive scalable growth. Despite a decrease in Total Contracted Value compared to the previous quarter, the company saw a 9% revenue increase and maintained a low churn rate, indicating strong market demand and customer retention.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

ImpediMed Limited Launches Investor Hub and Prepares for Q1 FY26 Results
Oct 24, 2025

ImpediMed Limited has announced the upcoming release of its Q1 FY26 Quarterly Cash Flow Report and the launch of the ImpediMed Investor Hub. The Investor Hub is designed to improve communication and engagement with investors by providing a centralized platform for accessing company updates, ASX announcements, and strategic insights. This initiative aims to offer investors a deeper understanding of ImpediMed’s products and growth opportunities, potentially enhancing stakeholder engagement and market positioning.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

ImpediMed Adjusts Board Chair Remuneration Structure
Oct 23, 2025

ImpediMed Limited announced a correction to its 2025 Remuneration Report, clarifying that the Board Chair’s fee will be paid 85% in cash and 15% in equity, aligning with the payment structure for other Non-executive Directors. This adjustment reflects the company’s commitment to transparency and consistency in its remuneration practices, which may impact stakeholder perceptions and corporate governance standards.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

ImpediMed Limited Announces Details for Upcoming Online AGM
Oct 16, 2025

ImpediMed Limited has announced the details for its upcoming Annual General Meeting, which will be held online on November 18, 2025. The company has provided an online meeting guide to assist shareholders in attending and voting during the meeting, emphasizing the need for compatible browsers and necessary identification information.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

Impedimed Limited Announces Cessation of Securities
Oct 13, 2025

Impedimed Limited announced the cessation of certain securities, specifically the lapse of 1,181,000 options and 7,556,058 performance rights due to unmet conditions. This announcement may impact the company’s financial structure and could influence investor perceptions regarding the company’s operational and strategic execution.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

Impedimed Limited Issues 17.25 Million Unquoted Equity Securities
Oct 13, 2025

Impedimed Limited announced the issuance of 17,250,000 unquoted equity securities under an employee incentive scheme, which are not intended to be quoted on the ASX. This move could potentially strengthen the company’s employee engagement and retention strategies, while also impacting its financial structure and market positioning.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

ImpediMed Gains Major US Insurance Coverage for Lymphedema Assessment
Oct 2, 2025

ImpediMed Limited announced that a major US health insurer has issued positive coverage for bioimpedance spectroscopy (BIS) under CPT Code 93702, recognizing it as medically necessary for lymphedema assessment. This development significantly expands insurance coverage for ImpediMed’s SOZO® Digital Health Platform, now covering over 301 million lives and 86% of the US population. The decision is expected to enhance the commercial viability of SOZO, allowing for earlier detection and better management of lymphedema, thus improving the quality of life for breast cancer survivors. This expanded coverage is a crucial step towards proactive health management and aligns with the insurer’s mission to provide high-quality care.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.14 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

ImpediMed Limited Reports Strong Revenue Growth in 2025
Sep 23, 2025

ImpediMed Limited is a global medical technology company specializing in bioimpedance spectroscopy (BIS) technology for non-invasive clinical assessment and monitoring of fluid status and tissue composition, primarily targeting secondary lymphoedema in breast cancer patients. In its 2025 financial year, ImpediMed reported a 23% revenue growth, driven by increased sales of its SOZO® Digital Health Platform and expanded reimbursement coverage. The company also made strategic advancements, including a successful trial in heart failure applications and the introduction of SOZO Pro for broader clinical settings. Key financial highlights include a total revenue of $12.7 million, a 25% increase in SOZO-Core business revenue, and a reduction in operating cash expenditure by 16%. Looking forward, ImpediMed aims to accelerate revenue growth, expand reimbursement coverage, and achieve profitability through continued focus on sales execution and innovation.

ImpediMed Limited Schedules 2025 Annual General Meeting
Sep 18, 2025

ImpediMed Limited has announced that its 2025 Annual General Meeting will be held on November 18, 2025. The company is also accepting nominations for director positions, with a deadline for submissions set for September 26, 2025. This announcement is significant for stakeholders as it outlines key governance activities and timelines, potentially impacting the company’s strategic direction and leadership.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.14 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

Impedimed Limited Announces Quotation of New Securities on ASX
Sep 3, 2025

Impedimed Limited has announced the quotation of 6,281,809 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to enhance its capital structure and potentially increase its market presence. The release of these securities, previously issued under an employee incentive scheme, signifies a step towards greater liquidity and flexibility in the company’s financial operations, which could positively impact its stakeholders and market positioning.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.14 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

ImpediMed Limited Releases 2025 Annual Report
Aug 27, 2025

ImpediMed Limited has released its Annual Report for the financial year ending 30 June 2025. This announcement marks a significant step in the company’s ongoing efforts to enhance transparency and communication with its stakeholders, potentially impacting its market positioning and stakeholder relations positively.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

ImpediMed Reports Revenue Growth Amidst Increased Losses
Aug 27, 2025

ImpediMed Limited has released its preliminary final report for the financial year ending June 30, 2025, showing a 23% increase in revenue to $12.7 million. Despite this growth, the company reported a 17% increase in losses, amounting to $23.2 million, and did not declare any dividends. The report highlights a decrease in net tangible assets per security from 1.22 cents to 0.37 cents, indicating potential challenges in financial stability. These results may impact the company’s market positioning and stakeholder confidence as it continues to navigate the competitive medical technology landscape.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.12 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

ImpediMed Director Increases Stake Through Share Issuance
Aug 1, 2025

ImpediMed Limited announced a change in the director’s interest, with Mr. Andrew Grant acquiring 268,169 ordinary shares, increasing his total to 2,774,399 shares. This acquisition was made through the issuance of shares in lieu of 30% of director fees for the quarter ended June 30, 2025, reflecting a strategic decision to align director compensation with company performance.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

ImpediMed Announces Director’s Interest Change with Equity Compensation
Aug 1, 2025

ImpediMed Limited announced a change in the director’s interest notice, involving Ms. Christine Emmanuel-Donnelly. The change reflects the issuance of 474,084 ordinary shares to IDEAHL Pty Ltd, a trust where Ms. Emmanuel-Donnelly is a director and beneficiary, as part of her director fees for the quarter ended June 30, 2025. This move indicates a strategic decision to compensate directors through equity, potentially aligning their interests with those of shareholders and impacting the company’s financial structure.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

ImpediMed Director’s Shareholding Update
Aug 1, 2025

ImpediMed Limited announced a change in the director’s interest notice, specifically involving Ms. Janelle Delaney. The change reflects the acquisition of 268,169 ordinary shares as part of a compensation arrangement, where shares were issued in lieu of 30% of director fees for the quarter ending June 30, 2025. This adjustment in shareholding could impact the company’s governance and stakeholder interests, as it aligns director compensation with company performance.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

Impedimed Limited Announces Director’s Increased Shareholding
Aug 1, 2025

Impedimed Limited announced a change in the director’s interest, as Fiona Bones acquired an additional 268,169 ordinary shares, increasing her total holdings to 1,774,399 shares. This acquisition was part of a compensation arrangement where shares were issued in lieu of 30% of her director fees for the quarter ended June 30, 2025, reflecting a strategic approach to align management interests with shareholder value.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.15 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

Impedimed Limited Issues Shares to Executives Under Remuneration Plan
Jul 31, 2025

Impedimed Limited has announced the issuance of 1,100,901 fully paid ordinary shares to its executives as part of their remuneration for the quarter ending June 30, 2025. This move, under the Executive Share Plan, reflects the company’s strategy to align executive compensation with company performance, potentially impacting its financial structure and stakeholder interests.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

Impedimed Limited Issues Shares Under Director Share Plan
Jul 31, 2025

Impedimed Limited announced the issuance of 1,278,591 ordinary fully paid shares to non-executive directors as part of their Non-Executive Director Share Plan, covering 30% of director fees for the quarter ending June 30, 2025. This move is part of the company’s ongoing strategy to align the interests of its directors with those of its shareholders, potentially enhancing governance and stakeholder confidence.

The most recent analyst rating on (AU:IPD) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Impedimed Limited stock, see the AU:IPD Stock Forecast page.

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: Oct 31, 2025