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Osteopore Ltd. (AU:OSX)
ASX:OSX
Australian Market

Osteopore Ltd. (OSX) AI Stock Analysis

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AU:OSX

Osteopore Ltd.

(Sydney:OSX)

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Neutral 46 (OpenAI - 5.2)
Rating:46Neutral
Price Target:
AU$0.02
â–²(50.00% Upside)
The score is weighed down primarily by weak financial performance: ongoing losses, rising leverage, and negative operating/free cash flow despite strong revenue growth and high gross margins. Technical indicators are supportive (price above major moving averages and positive MACD), but valuation is constrained by negative earnings and no dividend data.
Positive Factors
Revenue Growth & High Gross Margin
Sustained revenue expansion with very high gross margins reflects strong product demand and favorable unit economics. Over 2–6 months this supports the potential to scale sales and absorb SG&A and R&D, making a path to operational leverage feasible if cash burn is managed.
Differentiated 3D-printed Bioresorbable Implants
A specialized product set in bioresorbable, 3D-printed implants creates a durable competitive position in reconstructive surgery. Clinical specificity and technology-driven differentiation support physician adoption, reimbursement conversations, and pricing power across target indications over the medium term.
Scalable Patient-specific Manufacturing Capability
On-demand 3D printing and patient-specific offerings enable flexible, scalable production and closer surgeon integration. This manufacturing model supports higher-margin custom products, faster product iteration and geographic rollouts, providing structural operational advantages versus traditional implant producers.
Negative Factors
Persistent Negative Profitability
Ongoing negative EBIT and net losses indicate the business is not yet self-sustaining and will require continued funding to reach break-even. Over the medium term this constrains reinvestment in sales, clinical trials and regulatory work, raising execution and dilution risks for shareholders.
High Leverage; Debt Exceeds Equity
Debt exceeding equity materially increases financial risk and reduces strategic flexibility. In a higher-rate or tighter credit environment the company may face refinancing pressure or higher interest costs, limiting capacity for growth investments and increasing insolvency risk if cash flows don't improve.
Negative Operating and Free Cash Flow
Persistent negative operating and free cash flows signal structural cash burn and dependence on external financing. This reliance can lead to dilution, divert management attention to fundraising, and impair the company’s ability to fund commercialization, regulatory milestones and long-term growth initiatives.

Osteopore Ltd. (OSX) vs. iShares MSCI Australia ETF (EWA)

Osteopore Ltd. Business Overview & Revenue Model

Company DescriptionOsteopore Limited designs, develops, and markets bioresorbable polymer implants for neurosurgical, orthopedic, and maxillofacial surgery applications in Singapore, Australia, and internationally. Its technology fabricates specific micro-structured scaffolds for bone regeneration through 3D printing and bioresorbable material. The company offers Osteoplug, a bioresorbable implant, which is used for covering trephination burr holes in neurosurgery; and Osteomesh, a bioresorbable implant that is used in craniofacial surgery to repair various types of fractures, such as orbital floor fracture, as well as to fill surgical defects. Osteopore Limited has a collaboration agreement with Livingstone Health Holding Limited to jointly develop new applications and products for regenerating bone and tissue. The company was incorporated in 2003 and is headquartered in Singapore.
How the Company Makes MoneyOsteopore generates revenue primarily through the sale of its biodegradable implants and scaffolds to hospitals, clinics, and medical practitioners. The company's revenue model includes direct sales of its products, which are often covered by health insurance plans, allowing for wider adoption among healthcare providers. Additionally, Osteopore may engage in strategic partnerships with medical device distributors and healthcare organizations to expand its market reach. The company also invests in research and development to innovate and improve its offerings, which can lead to licensing agreements or collaborations that further contribute to its revenue streams.

Osteopore Ltd. Financial Statement Overview

Summary
Revenue growth is strong (26.82% in 2024) and gross margin is healthy (84%+), but profitability remains weak with persistently negative EBIT and net income. The balance sheet shows elevated financial risk as debt exceeds equity in 2024 and ROE is negative, while cash flows are consistently negative, indicating ongoing cash burn and reliance on financing.
Income Statement
40
Negative
Osteopore Ltd. shows consistent revenue growth, with a 26.82% increase in 2024. However, the company is struggling with profitability, as evidenced by negative net profit margins and EBIT margins over the years. The gross profit margin remained healthy at over 84% in 2024, but the persistent negative EBIT and net income indicate significant operational challenges and high costs relative to revenue.
Balance Sheet
45
Neutral
The balance sheet reveals a high debt-to-equity ratio, with total debt surpassing equity in 2024, increasing financial risk. The equity ratio decreased significantly, indicating a shift towards higher leverage. ROE is negative due to ongoing losses, raising concerns over shareholder returns. However, the company maintains some cash reserves, which may provide short-term liquidity.
Cash Flow
38
Negative
Osteopore Ltd. faces cash flow challenges, with negative operating and free cash flows throughout the periods. The free cash flow growth rate is negative, highlighting ongoing cash burn. The operating cash flow to net income ratio remains unfavorable, reflecting inefficiencies in converting revenue into cash. The firm is reliant on financing activities to sustain operations, which could pose risks if funding sources become limited.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue2.89M2.81M2.22M1.69M1.11M1.50M
Gross Profit2.30M2.37M1.64M1.27M811.64K955.33K
EBITDA-2.42M-2.34M-4.35M-3.97M-3.38M-1.76M
Net Income-3.26M-3.35M-4.87M-4.22M-3.62M-1.95M
Balance Sheet
Total Assets4.19M3.13M3.34M3.62M6.01M10.25M
Cash, Cash Equivalents and Short-Term Investments1.81M638.50K1.16M1.35M4.55M9.03M
Total Debt1.68M1.33M1.09M74.18K106.71K453.99K
Total Liabilities4.62M2.83M2.91M1.51M633.40K1.25M
Stockholders Equity-423.65K306.22K432.60K2.11M5.37M9.00M
Cash Flow
Free Cash Flow-2.71M-3.10M-3.74M-4.06M-4.00M-2.14M
Operating Cash Flow-2.69M-3.09M-3.74M-4.00M-3.81M-1.76M
Investing Cash Flow-17.19K-14.59K-7.37K-63.98K-194.62K-381.04K
Financing Cash Flow2.58M2.63M3.58M896.32K-485.88K7.84M

Osteopore 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
55
Neutral
AU$24.32M-5.23-27.84%―6.77%-8.45%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
49
Neutral
AU$215.65M-130.21-2.01%―16.93%76.47%
49
Neutral
AU$46.78M-8.29-81.30%―-36.68%79.41%
46
Neutral
AU$5.44M-0.63-487.52%―5.52%49.25%
44
Neutral
AU$103.30M-12.65-47.98%―700.00%26.88%
41
Neutral
AU$249.60M-25.63-89.70%―42.05%-0.84%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:OSX
Osteopore Ltd.
0.02
-0.02
-54.55%
AU:OCC
Orthocell Ltd
0.92
-0.55
-37.41%
AU:ARX
Aroa Biosurgery Ltd
0.63
0.06
11.61%
AU:IME
ImExHS Limited
0.45
0.08
21.62%
AU:EMD
Emyria Ltd
0.06
0.02
65.71%
AU:ALA
Arovella Therapeutics Limited
0.09
-0.10
-54.74%

Osteopore Ltd. Corporate Events

Osteopore Seeks ASX Quotation for 20 Million New Shares
Jan 27, 2026

Osteopore Ltd has applied to the ASX for quotation of 20 million new fully paid ordinary shares, to be traded under its existing ticker, OSX. The share issuance, dated 27 January 2026, will expand the company’s quoted capital base, potentially improving trading liquidity and providing additional funding capacity, with implications for existing shareholders through capital structure and possible dilution effects.

The most recent analyst rating on (AU:OSX) stock is a Buy with a A$0.02 price target. To see the full list of analyst forecasts on Osteopore Ltd. stock, see the AU:OSX Stock Forecast page.

Osteopore Targets Greater Bay Area via Exclusive Hong Kong Orthopaedic Deal
Jan 22, 2026

Osteopore Limited has clarified details of its exclusive agreement with MontsMed Hong Kong Company Limited to introduce its custom and off-the-shelf orthopaedic implant products into Hong Kong. While Hong Kong itself is not considered a major bone trauma market, Osteopore emphasises the territory’s strategic role as a regulatory and market gateway into China’s Guangdong-Hong Kong-Macao Greater Bay Area, a region of over 87 million people and RMB 14.5 trillion GDP, positioning the deal as a significant long-term opportunity despite the current inability to quantify its potential economic impact; the agreement is described as containing standard market terms with no additional material conditions or minimum performance criteria.

The most recent analyst rating on (AU:OSX) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Osteopore Ltd. stock, see the AU:OSX Stock Forecast page.

Osteopore Enters Hong Kong with Exclusive Orthopaedic Distribution Deal
Jan 21, 2026

Osteopore Limited has signed an exclusive three-year distribution agreement, with an option for a one-year extension, with MontsMed Hong Kong Company Limited to introduce its custom and off-the-shelf orthopaedic products into Hong Kong, initially targeting the orthopaedic trauma reconstruction market where its devices have the strongest application potential. While Hong Kong is a relatively small market, Osteopore’s move positions the company in a strategically important hub to access the Greater Bay Area and benefit from emerging regulatory harmonisation for medical devices across China’s regional healthcare network, aligning the business with a fast-growing Asia-Pacific bone graft and substitutes market projected to expand at an 8.2% CAGR through 2030.

The most recent analyst rating on (AU:OSX) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Osteopore Ltd. stock, see the AU:OSX Stock Forecast page.

Osteopore Seeks ASX Quotation for 10 Million New Shares
Jan 20, 2026

Osteopore Limited has applied to the ASX for quotation of 10 million new fully paid ordinary shares, with the securities to be issued and quoted on 20 January 2026 under the ticker OSX. The move expands the company’s listed share base and may provide additional capital flexibility and liquidity for existing and new investors, although the announcement does not disclose the purpose of the issuance or associated funding details.

The most recent analyst rating on (AU:OSX) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Osteopore Ltd. stock, see the AU:OSX Stock Forecast page.

Osteopore Seeks ASX Quotation for 50 Million New Shares
Jan 19, 2026

Osteopore Limited has applied to the Australian Securities Exchange for quotation of 50 million new fully paid ordinary shares, to be traded under its existing ticker, OSX. The securities were issued on 16 January 2026, signaling a significant expansion of the company’s listed share base that may affect its capital structure and liquidity profile, with implications for existing shareholders as the enlarged register comes to market.

The most recent analyst rating on (AU:OSX) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Osteopore Ltd. stock, see the AU:OSX Stock Forecast page.

Osteopore Seals Exclusive Majeton Deal to Drive China Expansion
Jan 16, 2026

Osteopore Limited has entered an exclusive commercialisation agreement with Majeton to distribute its dental, orthodontic and maxillofacial regenerative implants across China, Hong Kong and Macau, marking a strategic move to penetrate the Greater China market. The deal, effective from 15 January 2026, includes staged payments tied to regulatory and sales milestones, such as upfront dossier fees, payments on regulatory approvals in Macau and China, and volume-based bonuses for units sold in the Greater Bay Area and mainland China, signalling a structured pathway to revenue growth and broader regional adoption of Osteopore’s technology.

The most recent analyst rating on (AU:OSX) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Osteopore Ltd. stock, see the AU:OSX Stock Forecast page.

Osteopore Seals RMB 12m Exclusive China Distribution Deal with Majeton
Jan 15, 2026

Osteopore Limited has signed a multi-year, exclusive distribution agreement worth more than RMB 12 million with Majeton Pte Ltd to commercialise its dental, orthodontic and maxillofacial products in China, Hong Kong and Macau. The deal, which includes upfront and milestone payments tied to sales and regulatory achievements, gives Osteopore access to the Chinese dental bone graft substitute and membrane market via Majeton and its parent Essex Bio-Technology Limited, whose extensive hospital network and sales infrastructure are expected to accelerate Osteopore’s regional expansion and reinforce its strategy of leveraging established partners to scale commercialisation and improve patient outcomes.

The most recent analyst rating on (AU:OSX) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Osteopore Ltd. stock, see the AU:OSX Stock Forecast page.

Osteopore Issues Additional Unquoted Convertible Notes for Funding Flexibility
Jan 14, 2026

Osteopore Limited has notified the market of the issue of five unquoted convertible notes under the security code OSXAM, with the issue dated 14 January 2026. The small-scale issuance of these convertible notes indicates the company is continuing to use structured, non-listed securities as part of its capital management strategy, which may provide additional funding flexibility without immediate dilution for ordinary shareholders.

The most recent analyst rating on (AU:OSX) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Osteopore Ltd. stock, see the AU:OSX Stock Forecast page.

Osteopore Issues Cleansing Notice for Next $250,000 Tranche of Convertible Notes
Jan 14, 2026

Osteopore Limited has issued a cleansing notice in connection with a new $250,000 sub‑tranche (ST18 of T1) of redeemable convertible notes subscribed for by Advance Opportunities Fund and Advance Opportunities Fund I under an existing subscription agreement of up to $20 million. The notice confirms that these Sixth Convertible Notes will be issued without a prospectus, and that ordinary shares issued upon their conversion can be freely on‑sold to retail investors, reflecting the company’s continued use of staged convertible note funding to support its capital needs while maintaining compliance with Australian corporate and ASX disclosure requirements.

The most recent analyst rating on (AU:OSX) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Osteopore Ltd. stock, see the AU:OSX Stock Forecast page.

Osteopore Draws Further A$250,000 from Tranche 1 of Convertible Notes Facility
Jan 14, 2026

Osteopore Limited has drawn a further A$250,000 sub-tranche (ST18) from Tranche 1 of its 4.0% redeemable convertible notes facility with Advance Opportunities Fund and Advance Opportunities Fund I, taking total subscriptions under Tranche 1 to A$4.5 million out of a planned A$5 million. The funds raised under the up-to-A$20 million multi-tranche notes program are earmarked for use in the ordinary course of business and to support future developments, projects and investments as opportunities arise, bolstering Osteopore’s capital position as it seeks to expand its regenerative implant operations and pursue growth initiatives.

The most recent analyst rating on (AU:OSX) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Osteopore Ltd. stock, see the AU:OSX Stock Forecast page.

Osteopore Secures Exclusive Heparan Sulphate Licence to Target High-Growth Bone Regeneration Market
Jan 7, 2026

Osteopore Limited has signed an exclusive 15-year licensing agreement with Accelerate Technologies, the commercialisation arm of Singapore’s A*STAR, to use a Heparan Sulphate bioactive technology platform designed to significantly accelerate bone and tissue regeneration when combined with Osteopore’s existing implant technology. The licence, which includes patents and know-how for two Heparan Sulphate families such as HS3 and covers all life science, medical, research and clinical uses across key global markets, positions Osteopore to access the fast-growing bone morphogenetic protein-2 (BMP-2) market in Asia-Pacific, valued at USD 670 million in 2024 and forecast to expand at 8.5% annually, although the company does not expect a short-term material impact on earnings as clinical trials and regulatory milestones progress.

The most recent analyst rating on (AU:OSX) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Osteopore Ltd. stock, see the AU:OSX Stock Forecast page.

Advance Opportunities Fund I Ceases to Be Substantial Holder in Osteopore
Dec 30, 2025

Advance Opportunities Fund I has lodged a notice under Australia’s Corporations Act stating it has ceased to be a substantial shareholder in Osteopore Limited. The filing, dated 30 December 2025, indicates that the fund’s relevant interest in Osteopore’s voting securities has fallen below the substantial holding threshold, signalling a change in the company’s share register that may alter its investor base and potentially affect perceptions of institutional support.

The most recent analyst rating on (AU:OSX) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Osteopore Ltd. stock, see the AU:OSX Stock Forecast page.

Osteopore Ltd. Announces Quotation of New Securities on ASX
Dec 12, 2025

Osteopore Ltd. has announced the quotation of 16,949,152 new fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 11, 2025. This move is part of the company’s strategic efforts to enhance its capital structure and potentially expand its market presence, which could have significant implications for its growth and stakeholder value.

The most recent analyst rating on (AU:OSX) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Osteopore Ltd. stock, see the AU:OSX Stock Forecast page.

Osteopore Ltd. Issues New Convertible Notes to Bolster Growth
Nov 25, 2025

Osteopore Ltd. announced the issuance of new unquoted convertible notes, marking a strategic financial move to support its ongoing operations and growth initiatives. This development could enhance the company’s financial flexibility, potentially impacting its market positioning and offering new opportunities for stakeholders.

Osteopore Ltd. Advances Funding with Convertible Notes Issuance
Nov 25, 2025

Osteopore Ltd. has issued a Cleansing Notice related to the issuance of convertible notes under a subscription agreement with Advance Opportunities Fund. This agreement allows the company to raise up to $20 million through redeemable convertible notes, with the latest tranche amounting to $250,000. The issuance of these notes enables the company to convert them into fully paid ordinary shares, which can be sold to retail investors without further disclosure. This financial maneuver is significant for Osteopore as it provides additional capital to support its operations and potentially strengthens its market position in the medical technology sector.

Osteopore Secures Additional Funding to Advance Regenerative Medicine Solutions
Nov 25, 2025

Osteopore Limited has announced a further drawdown of its Tranche 1 redeemable convertible notes, raising an additional A$250,000. This funding, part of a larger A$20 million subscription agreement with Advance Opportunities Fund, will support the company’s ongoing business operations and future development projects. The strategic financial move is expected to bolster Osteopore’s market positioning and facilitate the advancement of its innovative regenerative medicine solutions.

Osteopore Ltd. Expands Market Presence with New Securities Quotation
Nov 20, 2025

Osteopore Ltd. has announced the quotation of 18,292,682 new ordinary fully paid securities on the Australian Securities Exchange (ASX), effective November 19, 2025. This move is part of the company’s strategic efforts to enhance its market presence and operational capabilities, potentially impacting its financial standing and offering new opportunities for stakeholders.

Osteopore Ltd. Announces Change in Substantial Holding
Nov 10, 2025

Osteopore Ltd. has announced that Advance Opportunities Fund I has ceased to be a substantial holder in the company. This change in holdings, involving the indirect sale of shares, may impact the company’s market dynamics and influence stakeholder perceptions regarding the company’s financial stability and investor confidence.

Osteopore Ltd. Announces Cessation of Securities
Nov 4, 2025

Osteopore Ltd. announced the cessation of 12,500 securities due to the lapse of conditional rights, as the conditions for these securities were not met by the expiration date. This cessation may impact the company’s capital structure and could influence investor perception, reflecting on the company’s ability to meet certain financial or operational conditions.

Osteopore Reports Revenue Growth and Swiss Market Approval
Oct 31, 2025

Osteopore Limited reported a revenue of AUD 812K for the third quarter of 2025, marking a 7% year-over-year growth. The company also achieved a significant milestone by securing market approval in Switzerland under the EU MDR clearance for its custom orthopedic and cranial implants, potentially enhancing its market presence in Europe.

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 28, 2026