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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)

Rating:54Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
Impedimed Limited's overall stock score reflects financial challenges, including profitability issues and negative cash flows, which are significant risk factors. However, positive technical indicators and strategic growth initiatives provide some upside potential. The earnings call sentiment adds a positive outlook, but valuation concerns due to the negative P/E ratio remain a key risk.

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

Impedimed Limited Business Overview & Revenue Model

Company DescriptionImpediMed Limited, a medical software technology company, develops, manufactures, and sells bioimpedance spectroscopy (BIS) devices and software services in Australia, North America, and internationally. The company offers SOZO, a noninvasive BIS device for the assessment of lymphedema and fluid status monitoring of heart failure patients; SFB7, a single-channel, tetrapolar BIS device to analyze body composition in healthy individuals; and ImpediVET, a single-channel, tetrapolar (BIS) device that measures fluid status and tissue composition for veterinary applications. It sells its devices to hospitals and clinics. The company was incorporated in 1999 and is headquartered in Pinkenba, Australia.
How the Company Makes MoneyImpedimed Limited generates revenue through the sale and licensing of its medical devices and related software solutions to healthcare providers and institutions. The company's key revenue streams include the sale of devices like the SOZO Digital Health Platform, which is used for measuring and monitoring body composition and fluid status. Impedimed also earns income from service contracts, software licenses, and consumables required for the operation of its devices. Significant partnerships with hospitals, clinics, and research institutions contribute to its earnings by expanding its customer base and facilitating product adoption in clinical settings.

Impedimed Limited Earnings Call Summary

Earnings Call Date:Feb 26, 2024
(Q4-2024)
|
% Change Since: -7.41%|
Next Earnings Date:Aug 28, 2024
Earnings Call Sentiment Neutral
The earnings call highlighted strong sales growth and increased contract pricing, indicating positive momentum and confidence in the business's future. However, challenges such as the cleanup of the legacy installed base and significant cash outflows were noted, which could impact short-term financial stability.
Q4-2024 Updates
Positive Updates
Increased SOZO Unit Sales
A total of 38 SOZO units were sold in Q4, with 23 sold in the U.S., reflecting growing acceptance and demand for the technology.
Significant Lead Pipeline Growth
The lead pipeline grew by 168% this quarter and by 380% since Q1 FY2024, indicating strong marketing strategies and effective sales lead generation activities.
Increased Contract Renewal Pricing
The average price of renewed contracts in the U.S. increased by 38%, demonstrating customer commitment and perceived value of the platform.
Economic Evaluation of Lymphedema Program
A New South Wales economic evaluation showed a 712% return on investment, translating to an estimated program NPV of $52 million, highlighting the clinical and economic benefits of the technology.
Revenue Growth
ImpediMed recorded unaudited revenue of $2.9 million for the quarter, a 12% increase compared with the previous quarter.
Negative Updates
Legacy Installed Base Cleanup
There were 8 units that churned this quarter as part of an ongoing cleanup of the legacy installed base in the U.S.
Operating Cash Outflows
Net operating cash outflows were $4.7 million for the quarter, which included severance payments of $0.6 million.
Cash and Cash Equivalents Decline
Cash and cash equivalents decreased to $24.6 million at the end of the quarter from $30.7 million in the previous quarter.
Company Guidance
During the Q4 2024 earnings call for ImpediMed Limited, Parmjot Bains, the CEO, highlighted several key metrics and strategic initiatives. The company reported unaudited revenue of $2.9 million for the quarter, marking a 12% increase from the previous quarter's $2.6 million. ImpediMed sold 38 SOZO units, with 23 units sold in the U.S., demonstrating growing market acceptance. The company's lead pipeline grew by 168% for the quarter, contributing to a 380% increase since Q1 of the financial year 2024. Contract renewals in the U.S. saw an average price increase of 38%, reflecting the value customers place on the platform. The company's efforts to expand reimbursement coverage continue, maintaining 140 million covered lives, with a target of achieving 85% coverage. Financially, the company managed to reduce net operating cash outflows to $4.7 million, down from $6.3 million in the previous quarter, and expects to lower annualized operating cash expenditure by 10% in FY '25. The leadership team remains focused on accelerating progress toward cash flow breakeven, projected within a two-year timeframe.

Impedimed Limited Financial Statement Overview

Summary
Impedimed Limited faces revenue contraction and ongoing profitability challenges despite improved gross margins. The balance sheet is strong with low leverage, but persistent losses and negative cash flows highlight financial risks. 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
60
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.
BreakdownJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue10.32M11.34M10.57M8.41M5.74M
Gross Profit9.01M-13.65M-13.35M-12.20M-12.89M
EBITDA-22.05M-20.49M-18.65M-20.70M-24.07M
Net Income-19.79M-20.52M-19.87M-20.71M-21.38M
Balance Sheet
Total Assets46.99M68.74M58.70M34.20M33.06M
Cash, Cash Equivalents and Short-Term Investments24.63M45.71M40.73M19.68M19.66M
Total Debt1.14M1.45M170.00K474.00K871.00K
Total Liabilities6.24M7.86M7.66M8.69M5.70M
Stockholders Equity40.74M60.88M51.04M25.51M27.36M
Cash Flow
Free Cash Flow-20.89M-24.09M-20.89M-15.71M-21.38M
Operating Cash Flow-17.79M-18.05M-15.66M-13.26M-19.22M
Investing Cash Flow-3.10M-6.04M-5.22M-2.46M-2.16M
Financing Cash Flow-481.00K27.93M39.92M16.47M30.16M

Impedimed Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.05
Price Trends
50DMA
0.04
Positive
100DMA
0.04
Positive
200DMA
0.04
Positive
Market Momentum
MACD
<0.01
Positive
RSI
55.34
Neutral
STOCH
33.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IPD, the sentiment is Positive. The current price of 0.05 is above the 20-day moving average (MA) of 0.05, above the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 55.34 is Neutral, neither overbought nor oversold. The STOCH value of 33.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
54
Neutral
$95.40M-51.08%10.22%-2.94%
51
Neutral
$7.30B0.27-62.71%2.44%15.02%0.60%
$26.50M-50.50%
54
Neutral
AU$60.55M-8.08%-5.62%-225.71%
49
Neutral
AU$55.38M-135.33%-27.58%33.69%
46
Neutral
AU$148.80M-58.61%-74.88%
41
Neutral
AU$115.58M-35.20%4.68%-155.42%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:IPD
Impedimed Limited
0.05
-0.01
-20.34%
ELXMF
Nova Eye Medical
0.10
0.00
0.00%
AU:CMP
Compumedics Limited
0.32
0.02
6.67%
AU:CYC
Cyclopharm Limited
1.04
-0.39
-27.27%
AU:MX1
Micro-X Ltd.
0.08
<0.01
14.29%
AU:EMV
EMvision Medical Devices Ltd.
1.74
-0.09
-4.92%

Impedimed Limited Corporate Events

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.

ImpediMed Limited Releases Investor Presentation for Q4 FY25
Jul 30, 2025

ImpediMed Limited, a company listed on the Australian Securities Exchange, has released a presentation to be delivered to investors and analysts. This announcement signifies the company’s ongoing engagement with its stakeholders and may provide insights into its financial performance and strategic direction for the fourth quarter of fiscal year 2025.

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 Achieves Record SOZO Sales and Strengthens Financial Position in Q4 FY25
Jul 30, 2025

ImpediMed Limited reported a record Total Contract Value (TCV) of $6.3 million for its SOZO Core Business in Q4 FY25, driven by enhanced sales strategies and leadership. The company sold 44 SOZO units in the US, including a significant contract with Legacy Health, while no units were sold internationally due to distributor restocking schedules. Despite a slight revenue decline to $3.3 million, the company maintained strong annual recurring revenue growth and reduced its cash cost base by 16% compared to FY24. ImpediMed’s financial position remains robust with a cash balance of $22.2 million, positioning it well for future growth.

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 6.2 Million Unquoted Warrants
Jul 29, 2025

Impedimed Limited announced the issuance of 6,245,935 unquoted securities, specifically IPDAB warrants, as part of a previously disclosed transaction. This issuance, which is not intended to be quoted on the ASX, may impact the company’s financial structure and provide additional resources for its strategic initiatives, potentially influencing its market position 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 to Announce Quarterly Results and Host Investor Call
Jul 16, 2025

ImpediMed Limited has announced the release of its Appendix 4C Quarterly Cash Flow Report for the period ending 30 June 2025, scheduled for 31 July 2025. The company will host an investor conference call on the same day, led by CEO Dr. Parmjot Bains and CF&OO McGregor Grant, to discuss the results and address investor inquiries. This announcement is significant as it provides stakeholders with insights into the company’s financial performance and strategic direction.

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 Achieves Record Sales and Secures Additional Funding for Growth
Jul 16, 2025

ImpediMed Limited reported a significant increase in US sales for Q4 FY25, achieving a record Total Contract Value of A$6.3 million. This growth, attributed to new leadership initiatives and strategic partnerships like the one with Legacy Health, has enabled the company to qualify for an additional US$5 million in funding from SWK Funding LLC. The funds will support ImpediMed’s growth and commercialization efforts, positioning the company for long-term success and shareholder value creation.

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 Cessation of Securities
Jul 7, 2025

Impedimed Limited announced the cessation of certain securities, specifically 4,667,613 options and 413,284 performance rights, due to the lapse of conditional rights that were not met or became incapable of being satisfied. This cessation reflects a change in the company’s issued capital and may impact stakeholders by altering the company’s financial structure and market positioning.

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 Updates Business Address
Jun 30, 2025

ImpediMed Limited has announced a change in its registered and principal business address to Suite 31C, 12-18 Tryon Road, Lindfield, NSW, 2070, effective immediately. This change is part of the company’s ongoing operational adjustments and does not affect its contact number, signaling a seamless transition for stakeholders.

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 Increases Shareholding in Company
May 28, 2025

Impedimed Limited announced a change in the director’s interest notice, specifically regarding Ms. Christine Emmanuel-Donnelly’s holdings. The change involved an acquisition of 306,446 ordinary shares in the Donnelly Superannuation Fund, increasing her total holdings in this fund to 1,736,255 shares. This transaction, conducted as an on-market trade, reflects the director’s increased investment in the company, potentially signaling confidence in Impedimed’s future prospects and stability.

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: Aug 01, 2025