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Invex Therapeutics Ltd. (AU:IXC)
ASX:IXC
Australian Market

Invex Therapeutics Ltd. (IXC) AI Stock Analysis

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AU:IXC

Invex Therapeutics Ltd.

(Sydney:IXC)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
AU$0.12
▼(-0.83% Downside)
The score is primarily held back by weak financial performance (volatile and sharply lower revenue, ongoing losses, and persistent cash burn), with some support from a debt-free balance sheet and improving loss/cash outflow trends. Technicals are neutral overall, while valuation remains unattractive due to negative earnings and no dividend yield data.
Positive Factors
Debt-Free Balance Sheet
A zero-debt capital structure materially reduces insolvency and fixed-interest burdens, giving management structural flexibility to fund lengthy clinical programs. Over 2–6 months this lowers near-term refinancing risk and improves options for non-dilutive grants or strategic partnerships.
Narrowing Losses and Cash Outflow
Reported improvement in operating losses and cash outflows versus prior year indicates tightening cost control and slower burn. If sustained, this trend lengthens runway, reduces near-term funding frequency, and increases probability of reaching clinical value inflection points without severe dilution.
Focused Clinical-Stage Strategy
A clear therapeutic focus on neurological conditions with a lead IIH program concentrates R&D resources and builds technical expertise. For a small biotech this specialization can create a durable scientific moat, clarify regulatory pathways, and make the company a more attractive partner or acquisition target.
Negative Factors
Sharp Revenue Decline
A steep ~81% revenue drop is a structural concern: it signals weak or inconsistent commercial/partner income and undermines any near-term ability to self-fund operations. Over months this increases dependency on external financing and raises execution risk for clinical development programs.
Persistent Negative Operating Cash Flow
Continuous negative operating and free cash flow indicates the business does not generate sustainable internal funding. This persistent burn necessitates recurring capital raises, increases dilution risk for shareholders, and constrains investment in trials or partnering until cash generation turns positive.
Eroding Equity Base and Negative ROE
A materially declining equity base and consistently negative ROE reflect cumulative losses and potential dilution. Structurally, this shrinks the balance-sheet buffer to absorb setbacks, weakens bargaining power with investors, and raises the likelihood of expensive financing or unfavorable deal terms over the medium term.

Invex Therapeutics Ltd. (IXC) vs. iShares MSCI Australia ETF (EWA)

Invex Therapeutics Ltd. Business Overview & Revenue Model

Company DescriptionInvex Therapeutics Ltd, a biopharmaceutical company, engages in the research and development of treatments for neurological conditions in Australia. It is involved in developing Exenatide, a treatment for neurological conditions derived from or involving raised intracranial pressure, such as idiopathic intracranial hypertension, acute stroke, and traumatic brain injury that has completed Phase II clinical trial. The company was incorporated in 2019 and is based in Perth, Australia.
How the Company Makes MoneyInvex Therapeutics Ltd. generates revenue through the development and potential commercialization of its pharmaceutical products. The company's primary revenue streams include licensing agreements and strategic partnerships with other pharmaceutical companies for the development and distribution of its pipeline products. Invex may also receive milestone payments and royalties from these collaborations, contingent upon the successful development and commercialization milestones. Additionally, the company might pursue government grants or funding from research institutions to support its R&D activities. As Invex progresses through clinical trials and moves closer to product approval and market entry, it aims to establish sustainable revenue channels through product sales and expanded partnerships.

Invex Therapeutics Ltd. Financial Statement Overview

Summary
Financials reflect an early-stage biotech profile: steeply volatile and shrinking revenue (2025 down ~81% YoY), ongoing operating/net losses, and consistently negative operating/free cash flow. Offsetting this, losses and cash outflow improved versus 2024 and the company is debt-free with a meaningful (though declining) equity base.
Income Statement
18
Very Negative
Revenue is small and highly volatile, with a steep decline in the latest year (2025 revenue down ~81% vs. 2024). Profitability remains weak with persistent operating losses and net losses across all periods shown, although losses have narrowed materially versus 2022–2023. Gross profit is positive when revenue exists, but overall margins remain deeply negative, indicating the business is still far from self-funding.
Balance Sheet
62
Positive
The balance sheet is conservatively positioned with zero debt and a meaningful equity base, which reduces financial risk. However, equity has trended down significantly from 2022–2023 levels, consistent with ongoing losses and cash burn. Returns on equity are negative each year, reflecting continued value dilution risk if losses persist.
Cash Flow
28
Negative
Operating cash flow and free cash flow are negative in every year shown, signaling consistent cash burn. The latest year shows a sizable improvement in cash outflow versus 2024, but cash generation is still not sustainable without external funding. Cash flow performance remains closely tied to losses, and the business has not demonstrated durable positive operating cash generation.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue229.08K229.08K1.21M459.08K182.25K0.00
Gross Profit229.08K229.08K1.21M459.08K182.25K0.00
EBITDA-356.54K0.00-720.00K-8.21M-4.14M-2.28M
Net Income-477.33K-476.87K-1.64M-7.75M-3.95M-2.28M
Balance Sheet
Total Assets5.47M5.47M6.12M22.80M29.49M32.74M
Cash, Cash Equivalents and Short-Term Investments5.38M5.38M6.03M22.47M29.34M32.72M
Total Debt0.000.000.000.000.000.00
Total Liabilities220.59K220.59K431.63K1.57M1.00M658.61K
Stockholders Equity5.25M5.25M5.69M21.23M28.48M32.08M
Cash Flow
Free Cash Flow-652.57K-652.57K-2.44M-6.87M-3.38M-1.68M
Operating Cash Flow-652.57K-652.57K-2.44M-6.87M-3.38M-1.68M
Investing Cash Flow0.000.000.000.000.000.00
Financing Cash Flow0.000.00-14.00M0.000.008.09M

Invex Therapeutics Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.12
Price Trends
50DMA
0.12
Negative
100DMA
0.13
Negative
200DMA
0.11
Positive
Market Momentum
MACD
>-0.01
Negative
RSI
48.81
Neutral
STOCH
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IXC, the sentiment is Negative. The current price of 0.12 is below the 20-day moving average (MA) of 0.12, below the 50-day MA of 0.12, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.81 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:IXC.

Invex Therapeutics Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
52
Neutral
AU$166.28M-6.380.66%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
48
Neutral
AU$9.39M-19.84-8.72%71.10%
45
Neutral
AU$8.84M-469.35%46.28%
41
Neutral
AU$87.00M-5.26-42.68%63.46%
40
Underperform
AU$40.14M-5.20-159.86%110.44%35.90%
37
Underperform
AU$11.47M-1.61-628.72%31.87%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:IXC
Invex Therapeutics Ltd.
0.13
0.05
71.23%
AU:ATH
Alterity Therapeutics
0.01
>-0.01
-16.67%
AU:ADO
AnteoTech Ltd
0.01
>-0.01
-23.53%
AU:1AD
AdAlta Ltd.
0.01
-0.01
-50.00%
AU:CHM
Chimeric Therapeutics Ltd.
AU:RCE
Recce Pharmaceuticals Ltd.
0.58
0.14
33.72%

Invex Therapeutics Ltd. Corporate Events

Invex Therapeutics Sets Date and Details for 2025 Annual General Meeting
Jan 16, 2026

Invex Therapeutics has announced that its 2025 Annual General Meeting will be held in person at Pathways Corporate in Perth on 17 February 2026 at 3:00pm AWST, with the Notice of Meeting and Explanatory Memorandum made available online via the company’s website and the ASX platform. Shareholders are encouraged to lodge their votes by proxy through Automic’s online portal using their securityholder details, and can obtain meeting materials or raise queries electronically, underscoring the company’s continued use of digital channels for governance communications and shareholder engagement.

The most recent analyst rating on (AU:IXC) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Invex Therapeutics Ltd. stock, see the AU:IXC Stock Forecast page.

Invex Therapeutics Defers 2025 AGM Amid Board Changes
Nov 20, 2025

Invex Therapeutics Ltd has announced a deferral of its 2025 Annual General Meeting (AGM) to 28 February 2026, following an extension granted by the Australian Securities and Investments Commission. This decision comes after a series of board changes, including the resignation of two directors and the appointment of new non-executive directors. The company plans to issue a new notice of meeting to address the re-election of current directors and the election of new board members, reflecting its ongoing governance adjustments.

Invex Therapeutics Appoints New Director
Nov 10, 2025

Invex Therapeutics Ltd. has announced the appointment of Mr. Simon Llewellyn Owen as a new director, effective November 10, 2025. The announcement indicates that Mr. Owen currently holds no relevant interests in securities, which may suggest a fresh perspective in his role, potentially impacting the company’s strategic direction and stakeholder interests.

Invex Therapeutics Resumes Trading After Key Appointments
Nov 10, 2025

Invex Therapeutics Ltd has announced the lifting of its trading suspension on the ASX following the release of information regarding new board and officer appointments. This development is expected to enhance the company’s governance and potentially influence its strategic direction, impacting stakeholders and market perception positively.

Invex Therapeutics Announces Key Board and Executive Appointments
Nov 10, 2025

Invex Therapeutics Limited announced significant changes in its board and executive team, appointing Simon Owen and Professor Warren Harding AM as non-executive directors. These appointments align with the company’s compliance with corporate regulations and bring extensive experience in corporate governance, strategic planning, and innovation. Additionally, Carla Healy and Tim Slate have been appointed as joint company secretaries, enhancing the company’s communication and compliance capabilities. The company also announced a change in its registered office address to Perth, WA.

Invex Therapeutics Announces Director Departure
Nov 7, 2025

Invex Therapeutics Ltd announced the cessation of Dr. Thomas Duthy as a director, effective November 7, 2025. Dr. Duthy held 285,661 ordinary shares through Emmirato Pty Ltd, where he serves as a director and shareholder. This change in directorship may impact the company’s strategic direction and investor relations, as leadership transitions can influence stakeholder confidence and operational focus.

Invex Therapeutics Announces Key Resignations and Meeting Cancellation
Nov 7, 2025

Invex Therapeutics Ltd announced the resignation of its Chairman, Mr. David McAuliffe, Executive Director, Dr. Thomas Duthy, and Company Secretary and CFO, Ms. Narelle Warren, with immediate effect. These resignations led to the cancellation of a requisitioned general meeting that was initially scheduled to address the removal of these directors. This development may impact the company’s governance and strategic direction, as well as its relationship with stakeholders, particularly the requisitioning shareholder, Celtic Capital Pte Ltd.

Invex Therapeutics Ltd Faces ASX Suspension Over Governance Issues
Nov 7, 2025

Invex Therapeutics Ltd has been suspended from quotation on the ASX due to non-compliance with the Corporations Act 2001, specifically for not having sufficient directors. The suspension will remain until the company meets the ASX’s listing rules, impacting its market operations and requiring resolution to regain trading status.

Invex Therapeutics Reports Promising Alzheimer’s Research with Exenatide
Nov 3, 2025

Invex Therapeutics Ltd announced new findings from its collaboration with Tessara Therapeutics, showing that Exenatide significantly reduces neurofilament light chain expression, a marker of neuronal damage, in Alzheimer’s Disease models. This suggests Exenatide’s potential in mitigating early neurodegenerative processes and enhancing its therapeutic value in treating Alzheimer’s Disease, despite uncertainties regarding the continuation of the Tessara collaboration due to potential board changes.

Invex Therapeutics to Hold Virtual Annual General Meeting
Oct 24, 2025

Invex Therapeutics Ltd has announced that its 2025 Annual General Meeting will be held virtually on November 25, 2025. Shareholders can access the Notice of Meeting and related materials online, and voting will be conducted via proxy. The virtual format and online access to materials reflect the company’s adaptation to modern communication methods, potentially increasing accessibility and engagement among shareholders.

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: Jan 21, 2026