Invion (AU:IVX)
ASX:IVX
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Invion
(Sydney:IVX)
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Rating:42Neutral
Price Target:
AU$0.07
â–¼(-8.75% Downside)
Action:ReiteratedDate:03/24/26
The score is primarily dragged down by very weak financial performance—zero FY2025 revenue, widening losses, and continued cash burn despite having no debt. Technicals also remain bearish with the stock below all major moving averages and negative MACD. Valuation provides little support because earnings are negative and there is no dividend yield.
Positive Factors
Conservative capital structure
No reported debt reduces fixed interest obligations and lowers insolvency risk, extending operational runway. Conservative leverage gives management flexibility to fund trials or seek partnerships on better terms, supporting sustained R&D and commercialization efforts.
Negative Factors
Revenue collapse
A drop to zero revenue in FY2025 signals acute commercial fragility and loss of operating cash inflows. This forces dependence on irregular partner payments or capital markets, raising execution risk and the likelihood of dilutive financings before the business can sustain itself.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative capital structure
No reported debt reduces fixed interest obligations and lowers insolvency risk, extending operational runway. Conservative leverage gives management flexibility to fund trials or seek partnerships on better terms, supporting sustained R&D and commercialization efforts.
Read all positive factors
Invion (IVX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.79M
Dividend YieldN/A
Average Volume (3M)97.01K
Price to Earnings (P/E)―
Beta (1Y)0.59
Revenue Growth-100.00%
EPS Growth-40.46%
CountryAU
Employees8
SectorHealthcare
Sector Strength45
IndustryDrug Manufacturers - Specialty & Generic
Share Statistics
EPS (TTM)-0.04
Shares Outstanding96,965,320
10 Day Avg. Volume121,261
30 Day Avg. Volume97,006
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.96
Price to Sales (P/S)0.00
P/FCF Ratio-2.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Invion Business Overview & Revenue Model
Company Description
Invion (IVX) is a biotechnology company focused on the research, development, and commercialization of Photodynamic Therapy (PDT) for the treatment of various cancers. Operating primarily in the healthcare and pharmaceutical sectors, Invion is ded...
How the Company Makes Money
null...
Invion Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
48
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 3.69M | 4.10M | 3.29M | 2.33M |
| Gross Profit | -1.59M | -1.29M | 1.00M | 1.21M | 969.12K | 810.50K |
| EBITDA | -5.16M | -4.00M | -4.57M | -965.37K | -1.82M | -1.29M |
| Net Income | -10.50M | -8.81M | -5.63M | -1.61M | -2.24M | -1.48M |
Balance Sheet | ||||||
| Total Assets | 8.09M | 9.49M | 15.45M | 19.05M | 20.04M | 5.64M |
| Cash, Cash Equivalents and Short-Term Investments | 137.54K | 850.37K | 783.53K | 4.08M | 8.47M | 1.04M |
| Total Debt | 627.68K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.38M | 1.24M | 1.01M | 650.63K | 462.41K | 851.50K |
| Stockholders Equity | 5.71M | 8.25M | 14.44M | 18.40M | 19.58M | 4.79M |
Cash Flow | ||||||
| Free Cash Flow | -2.61M | -2.97M | -3.30M | -4.39M | -8.36M | 417.98K |
| Operating Cash Flow | -2.61M | -2.97M | -2.40M | -1.81M | -1.11M | 417.98K |
| Investing Cash Flow | -22.68K | 0.00 | -900.00K | -2.58M | -7.25M | 0.00 |
| Financing Cash Flow | 2.04M | 3.04M | 0.00 | 15.80M | 15.80M | 0.00 |
Invion Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
51 Neutral | AU$46.19M | -69.17 | -0.79% | ― | 17.82% | ― | |
45 Neutral | AU$17.68M | -4.15 | -29.05% | ― | 45.30% | -24.18% | |
43 Neutral | AU$7.61M | -0.79 | -110.74% | ― | ― | ― | |
43 Neutral | AU$3.39M | ― | 258.94% | ― | ― | ― | |
43 Neutral | AU$19.73M | -2.87 | 4388.00% | ― | -47.30% | 82.53% | |
42 Neutral | AU$6.79M | -0.56 | -150.48% | ― | -100.00% | -40.46% |
* Healthcare Sector Average
AU:IVX
Invion
0.07
-0.03
-33.33%
AU:PER
Percheron Therapeutics
0.01
>-0.01
-9.09%
AU:RGT
Argent Biopharma
0.04
-0.16
-81.00%
AU:MVP
Medical Developments International Limited
0.41
-0.11
-21.15%
AU:PKP
Althea Group Holdings Ltd.
0.02
>-0.01
-22.73%
AU:IDT
IDT Australia Limited
0.04
-0.05
-53.26%
Invion Corporate Events
Invion Plans New Issue of 3.2 Million Options on ASX
Mar 23, 2026
Invion Limited has notified the Australian Securities Exchange of a proposed issue of new securities as part of a placement or similar capital-raising transaction. The company plans to issue up to 3,177,324 options in a new class, expiring on 12 M...
Invion Plans Share and Option Issue to Strengthen Capital Base
Mar 23, 2026
Invion Limited has notified the ASX of a proposed capital raising through the issue of up to 5,000,000 new ordinary fully paid shares and 5,000,000 options expiring on 30 June 2027. The securities are to be issued via a placement or similar mechan...
Invion Plans New Option Issue to Support Capital Management
Mar 23, 2026
Invion Limited has notified the ASX of a proposed issue of new options as part of a placement or similar capital raising initiative. The company plans to issue up to 3,532,494 options, expiring on 12 May 2029 with no exercise price, under a new cl...
Invion plans issue of new class of ASX-listed options
Mar 23, 2026
Invion Limited has notified the ASX of its intention to issue a new class of options as part of a placement or similar capital-raising transaction. The proposed securities are options expiring on 12 May 2029, with no exercise price, and a maximum ...
Invion plans new listed option issue to support capital structure
Mar 18, 2026
Invion Limited has notified the ASX of a proposed issue of new options as part of a placement or similar capital-raising structure, signalling an active approach to managing its funding and capital mix. The company has applied for quotation of the...
Invion Issues New Unquoted Options Under Employee Incentive Scheme
Mar 12, 2026
Invion Limited has notified the market of the issue of 200,000 unquoted options under its employee incentive scheme, exercisable at $0.12 and expiring on 27 February 2029. The new options, which are not intended to be quoted on the ASX, reflect th...
Invion Issues New Shares as It Explores Expansion of Cancer Therapy Program
Mar 5, 2026
Invion Limited has issued 11,318,060 fully paid ordinary shares following the maturity of 72,024 unlisted convertible notes, confirming that the issuance was conducted without a prospectus under relevant Corporations Act provisions and that it rem...
Invion Seeks ASX Quotation for 11.3 Million New Shares
Mar 5, 2026
Invion Limited has applied to the Australian Securities Exchange for quotation of 11,318,060 new ordinary fully paid shares, with an issue date of March 5, 2026. The additional shares arise from the exercise of options or conversion of other secur...
Invion Raises Capital via Convertible Notes to Accelerate Cancer Programs
Mar 4, 2026
Invion has issued 578,118 unsecured convertible notes under Tranche 1 of a capital raising, securing approximately $578,118 in gross proceeds from sophisticated and professional investors. The issue was conducted under the company’s existing...
Invion Issues Unquoted Convertible Notes to Bolster Funding Strategy
Mar 4, 2026
Invion Limited has notified the market of the issue of 578,118 unquoted convertible notes maturing on 4 March 2029, with an issue date of 5 March 2026. These securities form part of a previously announced transaction and are not intended to be quo...
Invion Loss Widens as Auditors Flag Going-Concern Risk
Feb 27, 2026
Invion Limited has reported a sharp deterioration in its financial position for the half-year ended 31 December 2025, with loss after tax attributable to owners jumping 90.5% to $3.57 million compared with the prior corresponding period. The compa...
Invion Secures Global Photosoft Rights and Non-Dilutive Funding as Cancer Programs Advance
Jan 30, 2026
Invion reported a cash balance of A$138,000 at 31 December 2025, but has since bolstered its funding with a A$1.3 million convertible note raising and a A$400,000 RD advance facility, while also fully repaying its obligations to Lind Global Fund I...
Invion Plans Convertible Note Placement to Raise Capital
Jan 30, 2026
Invion Limited has lodged a notice with the ASX outlining plans for a new capital raising via a placement of convertible notes. The company intends to issue up to 671,882 convertible notes, designated under the ASX security code IVXAAQ, with a pro...
Invion Raises $1.3m in CEO-Backed Convertible Note to Accelerate Cancer Trials
Jan 30, 2026
Invion has secured commitments to raise about $1.3 million through a non-interest-bearing convertible note issue, strongly backed by Executive Chair and CEO Professor Thian Chew and major shareholder XiaoYi Wu as cornerstone investors. The funding...
Invion Shares Halted on ASX Ahead of Capital Raising Announcement
Jan 29, 2026
Invion Limited has requested and been granted a trading halt on its ordinary shares on the ASX as it prepares to announce a capital raising. The halt, in place until 2 February 2026 or until the capital-raising announcement is released, is intende...
Invion Options Lapse as 300,000 IVXAAJ Securities Expire Unexercised
Jan 13, 2026
Invion Limited has announced the expiry of 300,000 listed options (ASX code IVXAAJ) that carried an exercise price of A$1.50 and were due to expire on 13 January 2026. The options lapsed without being exercised, resulting in a reduction of potenti...
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.