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Orthocell Ltd (AU:OCC)
ASX:OCC
Australian Market

Orthocell Ltd (OCC) AI Stock Analysis

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AU:OCC

Orthocell Ltd

(Sydney:OCC)

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Neutral 41 (OpenAI - 5.2)
Rating:41Neutral
Price Target:
AU$0.86
▼(-8.51% Downside)
Action:ReiteratedDate:11/19/25
Orthocell Ltd faces significant challenges with profitability and cash flow, as reflected in its financial performance score. Technical analysis indicates bearish momentum, and valuation metrics are unattractive due to negative earnings. These factors collectively result in a low overall stock score.
Positive Factors
Top-line Growth
Sustained revenue growth near 20% demonstrates durable commercial traction for Orthocell's collagen and cell-therapy products in orthopaedics. Over 2–6 months this underpins scaling opportunity, supports incremental margin recovery as fixed costs spread, and validates market demand for its clinical offerings.
Conservative Leverage
Very low leverage provides financial flexibility to fund R&D, scale manufacturing, and absorb reimbursement timing lags without immediate solvency pressure. This reduces refinancing risk, limits interest burden, and preserves capacity to pursue strategic partnerships or clinical workstreams over the medium term.
Improving Free Cash Flow Trend
An improving free cash flow metric indicates the company is beginning to convert operations into cash despite losses. Over a multi-month horizon this trend can extend runway, reduce near-term funding needs, and support incremental reinvestment in manufacturing or commercialization to further solidify revenue momentum.
Negative Factors
Persistent Unprofitability
Negative ROE and continued net losses indicate the business has yet to reach structural profitability. Without durable margin improvement, the company may struggle to fund growth internally, impair investor returns, and face repeated financing or dilution needs, challenging long-term value creation.
Negative Operating Cash Flow
Continued negative operating cash flow shows core operations are not yet cash-generative. This structural shortfall necessitates external funding or asset sales to sustain operations, constrains reinvestment pace, and raises execution risk for scaling manufacturing and commercial activities over the coming months.
Regulatory and Adoption Dependency
Orthocell's revenue model relies on approvals, reimbursement coverage and clinician adoption—multi-year, uncertain processes in medtech. These structural dependencies can delay commercial expansion, limit predictable revenue growth, and make margin improvement contingent on external regulatory and payer outcomes.

Orthocell Ltd (OCC) vs. iShares MSCI Australia ETF (EWA)

Orthocell Ltd Business Overview & Revenue Model

Company DescriptionOrthocell Limited, a regenerative medicine company, develops and commercializes cell therapies and biological medical devices for the repair of various bone and soft tissue injuries in Australia. The company offers CelGro, a naturally derived collagen medical device for use in multiple indications to augment the surgical repair of bone, peripheral nerves, tendons, and cartilage; and Ortho-ATI, a cell therapy for treatment of chronic tendon injuries. It also provides Ortho-ACI, an autologous chondrocyte implantation to treat articular cartilage defects in the knee and ankle; Striate+, a resorbable collagen membrane used for guided bone and tissue regeneration in dental application; and Remplir, a collagen scaffold used in peripheral nerve repair. Orthocell Limited was incorporated in 2006 and is headquartered in Murdoch, Australia.
How the Company Makes MoneyOrthocell generates revenue through the sale of its regenerative medicine products, including CelGro and Ortho-Cell solutions, which are marketed to healthcare providers and institutions. The company also engages in research and development collaborations with pharmaceutical and biotechnology companies, which can provide funding and shared revenue opportunities. Additionally, Orthocell may receive income from licensing agreements and partnerships that leverage its proprietary technologies, thereby expanding its market reach and enhancing its financial performance.

Orthocell Ltd Financial Statement Overview

Summary
Orthocell Ltd is experiencing revenue growth, but profitability remains a significant challenge with negative margins and returns. The balance sheet is stable with low leverage, but cash flow issues persist, impacting the company's ability to generate positive cash flow from operations.
Income Statement
45
Neutral
Orthocell Ltd has shown a positive revenue growth rate of 19.57% in the latest year, indicating a growing top line. However, the company is struggling with profitability, as evidenced by negative net profit margins and EBIT margins. The gross profit margin has decreased slightly from the previous year, suggesting some pressure on cost management.
Balance Sheet
50
Neutral
The company maintains a low debt-to-equity ratio of 0.04, indicating conservative leverage. However, the return on equity is negative, reflecting ongoing losses. The equity ratio is healthy, suggesting a strong capital structure, but the negative ROE highlights profitability challenges.
Cash Flow
40
Negative
Orthocell Ltd has improved its free cash flow growth rate by 12.12%, but the operating cash flow remains negative, indicating cash flow challenges. The free cash flow to net income ratio is above 1, suggesting that the company is generating cash flow relative to its net losses, but the overall cash flow position is weak.
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue9.41M7.55M5.32M4.24M1.53M1.02M
Gross Profit3.50M4.80M3.69M3.06M832.52K299.88K
EBITDA-15.31M-13.43M-11.68M-10.34M-11.52M-11.67M
Net Income-12.48M-8.57M-7.18M-6.25M-9.11M-9.04M
Balance Sheet
Total Assets59.80M35.24M26.62M29.61M37.90M19.33M
Cash, Cash Equivalents and Short-Term Investments44.37M28.62M20.61M24.82M11.02M16.33M
Total Debt835.79K576.89K689.69K562.30K507.56K621.72K
Total Liabilities18.64M20.67M22.08M23.46M27.99M2.46M
Stockholders Equity41.16M14.57M4.53M6.15M9.90M16.87M
Cash Flow
Free Cash Flow-12.21M-9.04M-7.45M13.96M-6.80M-4.82M
Operating Cash Flow-12.05M-8.68M-6.51M14.59M-6.26M-4.63M
Investing Cash Flow-42.26M-359.06K-942.02K-631.56K-535.02K-188.52K
Financing Cash Flow30.84M17.05M3.24M-164.61K1.49M709.15K

Orthocell Ltd Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.94
Price Trends
50DMA
0.99
Negative
100DMA
1.08
Negative
200DMA
1.16
Negative
Market Momentum
MACD
-0.01
Negative
RSI
49.25
Neutral
STOCH
70.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:OCC, the sentiment is Neutral. The current price of 0.94 is below the 20-day moving average (MA) of 0.94, below the 50-day MA of 0.99, and below the 200-day MA of 1.16, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 49.25 is Neutral, neither overbought nor oversold. The STOCH value of 70.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:OCC.

Orthocell 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$156.16M-5.990.66%
52
Neutral
AU$98.99M-11.71-47.98%700.00%26.88%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
49
Neutral
AU$567.38M-6.72-35.86%-19.21%
48
Neutral
AU$285.19M-17.46-83.97%1271.12%36.87%
46
Neutral
AU$114.21M-2.91-81.03%-20.79%73.98%
41
Neutral
AU$257.74M-18.66-89.70%42.05%-0.84%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:OCC
Orthocell Ltd
0.95
-0.35
-26.92%
AU:PAR
Paradigm Biopharmaceuticals
0.26
-0.23
-46.94%
AU:IMM
Immutep Ltd
0.39
0.08
24.19%
AU:DXB
Dimerix Limited
0.48
0.03
7.95%
AU:RCE
Recce Pharmaceuticals Ltd.
0.54
0.12
28.57%
AU:ALA
Arovella Therapeutics Limited
0.08
-0.03
-25.45%

Orthocell Ltd Corporate Events

Orthocell posts record half-year revenue as global expansion gains pace
Feb 23, 2026

Orthocell has reported record first-half FY26 revenue of $6.2 million, up 48% year-on-year, driven by rising adoption of its Striate+ and Remplir products and improved gross margins of 55%. The company remains loss-making, with a $5.2 million net loss after tax reflecting heavy investment in U.S. commercial infrastructure, automation and systems to support its global scale-up.

The U.S. launch of Remplir is advancing, with approvals secured in 45 states and growing hospital account penetration, while national distribution in Canada and new channels in Hong Kong bolster its international footprint. Orthocell is also targeting nerve-sparing prostate surgery and preparing EU and U.K. market entry, supported by a strong $49.4 million cash position and portfolio expansion via PearlBone, which together position the company for broader market access and long-term growth.

The most recent analyst rating on (AU:OCC) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Orthocell Ltd stock, see the AU:OCC Stock Forecast page.

Orthocell Issues Confidential US Market Update with Standard Legal Disclaimers
Feb 1, 2026

Orthocell Ltd has issued a US market and operational update presentation, but the released text consists solely of standard legal and confidentiality disclaimers typically accompanying investor or corporate communications. The document outlines that the material is not an offer or solicitation for securities, must not be relied upon as comprehensive investment advice, is confidential and restricted in its use and distribution, and that any forward-looking statements are subject to significant risks and uncertainties, underscoring limited liability and no obligation to update such statements beyond legal requirements.

The most recent analyst rating on (AU:OCC) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Orthocell Ltd stock, see the AU:OCC Stock Forecast page.

Orthocell to Brief Investors on US Rollout of Remplir and Operational Progress
Jan 29, 2026

Orthocell Limited will host an investor webinar on 2 February 2026 to provide an operational update, with a particular focus on the rollout of its Remplir nerve repair device in the United States. The briefing, led by the company’s chairman and chief executive, underscores the strategic importance of the US market to Orthocell’s growth, following recent regulatory clearances and the establishment of a specialist US distributor network that has already generated initial sales, and will give investors and stakeholders further insight into how its expanding product portfolio and regulatory progress are shaping its commercial trajectory in regenerative medicine.

The most recent analyst rating on (AU:OCC) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Orthocell Ltd stock, see the AU:OCC Stock Forecast page.

Orthocell Posts Record Revenue as Remplir Global Rollout Accelerates
Jan 18, 2026

Orthocell reported its seventh consecutive quarter of record revenue, posting $3.2 million for the December 2025 quarter, up 45% year on year, driven by accelerating adoption of its Remplir nerve repair device and initial US sales. Backed by $49.4 million in cash following a heavily supported $30 million capital raising, the company is ramping up global commercialisation of Remplir with a distributor network now covering more than 25 US states, early traction in Canada and Hong Kong, and a regulatory application lodged for entry into the sizeable EU and UK nerve repair markets; it also secured global distribution rights to PearlBone bone regeneration technology and is building a new commercial opportunity in nerve-sparing prostate cancer surgery that could expand its US addressable market to about US$2 billion.

The most recent analyst rating on (AU:OCC) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Orthocell Ltd stock, see the AU:OCC Stock Forecast page.

Orthocell Deepens Stake in Marine Biomedical and Secures Rights to PearlBone Bone Regeneration Technology
Jan 15, 2026

Orthocell has executed a binding agreement with Marine Biomedical Pty Ltd, lifting its equity stake from 1.72% to 11.7% for AU$1.05 million and securing a first right of refusal over global distribution rights for PearlBone, a next-generation bone substitute made from sustainably sourced pearl shells, as well as future bone repair products. The deal converts a prior memorandum into a formal strategic partnership, broadening Orthocell’s offering into bone regeneration alongside its existing nerve and tendon repair technologies and positioning it as a multi-tissue regenerative medicine provider targeting complex trauma and reconstructive procedures. With Marine Biomedical progressing PearlBone toward a U.S. FDA 510(k) submission and potential entry into the US$1.6 billion global bone substitute market, Orthocell aims to capitalise on its U.S. distribution network, supported by robust cash reserves of $49.4 million to fund ongoing commercial expansion.

The most recent analyst rating on (AU:OCC) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Orthocell Ltd stock, see the AU:OCC Stock Forecast page.

Orthocell Delivers Seventh Straight Record Quarter as Remplir Expansion Gains Pace in North America
Jan 5, 2026

Orthocell reported record quarterly revenue of $3.2 million for the December 2025 quarter, its seventh consecutive quarter of record sales, driven by strong Remplir nerve repair product uptake in existing markets and initial U.S. sales. The company’s hybrid U.S. market entry strategy—combining specialist distributors with internal field leadership—is gaining traction, with distributor coverage now spanning more than 25 states, 23 hospital Value Analysis Committee approvals, and multiple medical education events completed, while Canadian market entry is underway. Supported by $49.4 million in cash reserves, no debt and an expected R&D tax refund, Orthocell is well positioned to accelerate Remplir adoption and pursue a step-change in revenue as it scales across North America.

The most recent analyst rating on (AU:OCC) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Orthocell Ltd stock, see the AU:OCC Stock Forecast page.

Orthocell CEO Increases Shareholding Through Vesting of Performance Rights
Dec 22, 2025

Orthocell has disclosed a change in the interests of managing director Paul Anderson, who holds securities both directly and indirectly through family-related entities including the Elwing Superannuation Fund and the Elwing Family Trust. The filing shows that 126,580 short-term performance rights expiring in November 2027 have vested and been exercised into an equivalent number of ordinary shares at no cash consideration, reflecting the satisfaction of preset performance conditions and increasing Anderson’s direct equity exposure while reducing his performance rights balance; the move underscores ongoing alignment between executive remuneration and shareholder outcomes but does not involve any on-market trading or changes to contractual interests.

The most recent analyst rating on (AU:OCC) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Orthocell Ltd stock, see the AU:OCC Stock Forecast page.

Orthocell Issues New Shares on Exercise of Performance Rights
Dec 22, 2025

Orthocell Limited has issued 217,742 fully paid ordinary shares for nil consideration following the exercise of an equivalent number of short‑term performance rights expiring in November 2027, and has confirmed that the issue was conducted without a disclosure document under the relevant Corporations Act provisions. The company stated it is compliant with its continuous disclosure and financial reporting obligations and that there is no excluded information to disclose, signalling a routine capital structure adjustment with no additional material information flagged for investors at this time.

The most recent analyst rating on (AU:OCC) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Orthocell Ltd stock, see the AU:OCC Stock Forecast page.

Orthocell Seeks ASX Quotation for 217,742 New Ordinary Shares
Dec 22, 2025

Orthocell Ltd has applied to the ASX for quotation of 217,742 new fully paid ordinary shares under its ticker OCC. The additional securities, issued on 22 December 2025 following the exercise or conversion of existing options or other convertible instruments, will modestly increase the company’s free float and share capital, offering existing holders greater liquidity while signalling continued utilisation of equity-based funding mechanisms.

The most recent analyst rating on (AU:OCC) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Orthocell Ltd stock, see the AU:OCC Stock Forecast page.

Orthocell Reaches Key U.S. Milestone with Remplir™ Nerve Repair Product
Dec 18, 2025

Orthocell Ltd has achieved a milestone in its U.S. commercial rollout of Remplir™, with 100 units sold in the $1.6 billion U.S. nerve repair market. This accomplishment reflects growing adoption fueled by a robust medical education campaign and a specialized distributor network. The company’s early success, including significant hospital VAC approvals, positions Remplir™ for future growth in both the U.S. and Canada, targeting a combined addressable market of $3.5 billion. Leveraging strong distribution frameworks and a debt-free financial position, Orthocell aims to accelerate its global market expansion.

The most recent analyst rating on (AU:OCC) stock is a Buy with a A$1.33 price target. To see the full list of analyst forecasts on Orthocell Ltd stock, see the AU:OCC Stock Forecast page.

Orthocell Seeks EU and UK Approval for Nerve Repair Product Remplir™
Dec 14, 2025

Orthocell Limited has submitted a regulatory application to the British Standards Institution for approval to distribute its nerve repair product, Remplir™, in the EU and UK markets, which represent a combined market size of US$750 million. The company expects to receive the necessary certifications by the third quarter of 2026, enabling it to expand its global market presence. The application is supported by strong clinical evidence, including an 81.1% treatment success rate from recent studies, positioning Remplir™ as a key player in nerve repair surgery. Orthocell’s strategy includes forming a panel of key opinion leaders and utilizing in-country distributors to drive market adoption, supported by a robust financial position with approximately $50 million in cash.

The most recent analyst rating on (AU:OCC) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Orthocell Ltd stock, see the AU:OCC Stock Forecast page.

Orthocell Expands Remplir™ Sales to Hong Kong, Strengthening Asian Market Presence
Dec 9, 2025

Orthocell Ltd has achieved a significant milestone with the first commercial sales of its product, Remplir™, in Hong Kong, marking a crucial step in its Asian growth strategy. This expansion is part of Orthocell’s broader global commercialization plan, which includes sales in multiple countries and aims to establish Remplir as a standard in peripheral nerve repair. The company’s strategic entry into Hong Kong serves as a gateway to the Greater Bay Area, a major healthcare market, and is supported by partnerships with local distributors. With substantial financial resources and no debt, Orthocell is well-positioned to drive product adoption and revenue growth.

The most recent analyst rating on (AU:OCC) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Orthocell Ltd stock, see the AU:OCC Stock Forecast page.

Orthocell Ltd Updates on Director’s Interest
Nov 28, 2025

Orthocell Ltd has announced a change in the director’s interest, specifically regarding Paul Anderson, who has been issued 52,078 Short-Term Performance Rights following shareholder approval. This adjustment in director’s interest reflects the company’s ongoing commitment to aligning management incentives with shareholder interests, potentially impacting the company’s governance and stakeholder confidence.

The most recent analyst rating on (AU:OCC) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Orthocell Ltd stock, see the AU:OCC Stock Forecast page.

Orthocell Limited Issues New Performance Rights to Boost Employee Incentives
Nov 28, 2025

Orthocell Limited announced the issuance of 52,078 performance rights set to expire in November 2028, as part of an employee incentive scheme. This move is aimed at motivating and retaining talent within the company, potentially enhancing its operational capabilities and competitive positioning in the biotechnology sector.

The most recent analyst rating on (AU:OCC) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Orthocell Ltd stock, see the AU:OCC 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: Nov 19, 2025