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PainChek Ltd (AU:PCK)
ASX:PCK
Australian Market
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PainChek Ltd (PCK) AI Stock Analysis

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AU:PCK

PainChek Ltd

(Sydney:PCK)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
AU$0.09
▼(-67.93% Downside)
Action:Reiterated
Date:06/27/26
The score is primarily pressured by weak financial quality—large ongoing losses, heavy cash burn, and a shift to negative equity—despite improving revenue growth and gross margin. Technicals also detract due to a clear downtrend with weak momentum, while valuation is neutral-to-weak because a negative P/E reflects lack of profitability and no dividend yield is available.
Positive Factors
Revenue Growth
Consistent acceleration to ~11% revenue growth demonstrates expanding commercial traction for PainChek’s software platform. For a subscription/usage model, this durable top-line momentum supports scale, helps absorb fixed costs, and improves prospects for reaching operating leverage if sustained.
Negative Factors
Persistent Cash Burn
Sustained negative operating and free cash flow (~-6.8M) depletes reserves and forces reliance on external funding. Recurrent cash burn is a structural constraint on scaling commercial programs, increases dilution risk from fundraising, and elevates execution risk if capital markets tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent acceleration to ~11% revenue growth demonstrates expanding commercial traction for PainChek’s software platform. For a subscription/usage model, this durable top-line momentum supports scale, helps absorb fixed costs, and improves prospects for reaching operating leverage if sustained.
Read all positive factors

PainChek Ltd (PCK) vs. iShares MSCI Australia ETF (EWA)

PainChek Ltd Business Overview & Revenue Model

Company Description
PainChek Limited specializes in the creation and commercialization of mobile medical applications designed for individual pain assessment. Their core product, PainChek, employs smartphone and tablet cameras to record video, which is then analyzed ...
How the Company Makes Money
PainChek makes money primarily by commercialising access to its PainChek software platform for healthcare and care-provider organisations. Its revenue model is typically software-based (subscription and/or usage-based licensing) where facilities o...

PainChek Ltd Financial Statement Overview

Summary
Revenue growth accelerated (~11% in 2025 vs 2024) and gross margin improved to ~30%, but profitability remains a major weakness with very large negative net and operating margins. While there is no debt, the move to negative equity in 2025 and persistent heavy cash burn (~-6.8M operating/FCF in 2025) materially raise financial risk and reliance on future funding.
Income Statement
28
Negative
Balance Sheet
34
Negative
Cash Flow
22
Negative
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue2.59M3.36M2.67M1.95M978.57K214.80K
Gross Profit733.87K997.74K726.66K712.51K-258.82K-424.21K
EBITDA-6.98M-7.65M-9.49M-8.61M-6.80M-7.06M
Net Income-6.96M-7.67M-8.31M-7.57M-5.72M-6.06M
Balance Sheet
Total Assets5.54M2.15M4.18M2.80M6.65M11.81M
Cash, Cash Equivalents and Short-Term Investments4.78M1.62M3.56M2.51M6.14M11.42M
Total Debt0.000.000.000.000.000.00
Total Liabilities3.04M3.26M2.89M2.13M1.83M3.57M
Stockholders Equity2.49M-1.11M1.29M668.13K4.82M8.24M
Cash Flow
Free Cash Flow-6.03M-6.77M-7.16M-6.34M-7.02M-4.18M
Operating Cash Flow-6.01M-6.75M-7.13M-6.32M-7.00M-4.12M
Investing Cash Flow-17.57K-12.17K-34.25K-12.44K-21.96K-60.03K
Financing Cash Flow9.00M4.82M8.21M2.70M1.75M9.48M

PainChek Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.29
Price Trends
50DMA
0.14
Negative
100DMA
0.16
Negative
200DMA
0.29
Negative
Market Momentum
MACD
-0.01
Positive
RSI
29.75
Positive
STOCH
6.84
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PCK, the sentiment is Negative. The current price of 0.29 is above the 20-day moving average (MA) of 0.12, above the 50-day MA of 0.14, and above the 200-day MA of 0.29, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 29.75 is Positive, neither overbought nor oversold. The STOCH value of 6.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PCK.

PainChek 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
67
Neutral
AU$128.98M33.104.37%36.43%
55
Neutral
AU$69.33M-6.92-23.86%-11.45%-97.22%
55
Neutral
AU$21.95M28.757.57%31.36%
52
Neutral
AU$45.06M-7.75-14.19%0.03%-5.85%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
44
Neutral
AU$20.90M-2.85-1009.84%13.69%7.57%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PCK
PainChek Ltd
0.10
-0.35
-77.78%
AU:M7T
Mach7 Technologies
0.30
-0.04
-10.61%
AU:RHT
Resonance Health Ltd
0.05
<0.01
17.95%
AU:BMT
Beamtree Holdings Ltd
0.16
-0.10
-38.00%
AU:ALC
Alcidion Group Limited
0.10
>-0.01
-4.00%

PainChek Ltd Corporate Events

PainChek issues over 3 million unquoted performance rights under employee incentive plan
Jun 26, 2026
PainChek Ltd has issued 3,026,634 unquoted performance rights under its employee incentive scheme, with the securities recorded as being issued on 19 June 2026. The move signals continued use of equity-based remuneration to align staff incentives ...
PainChek secures first U.S. Sabra contracts to expand AI pain platform in aged care
Jun 3, 2026
PainChek Ltd, the developer of an AI-driven pain assessment app for dementia and other patients with impaired communication, has secured broad regulatory approvals and built a significant presence in aged care, with more than 20 million digital pa...
PainChek Issues Unquoted Convertible Notes to Support Capital Strategy
May 28, 2026
PainChek Ltd has notified the market of the issue of 110 unquoted convertible notes, effective 21 May 2026, under an arrangement previously outlined to investors. The securities are not quoted, and the move signals the company&#8217;s continued us...
PainChek Adds New Director With No Declared Securities Interests
May 26, 2026
PainChek Limited has appointed Lilian Bianchi as a director, effective 25 May 2026, according to an initial director&#8217;s interest notice lodged with the ASX. The filing confirms that Bianchi holds no relevant interests in PainChek securities a...
PainChek Plans Convertible Note and Option Issue to Bolster Capital
May 22, 2026
PainChek Ltd has notified the ASX of a proposed issue of new securities, including up to 1,100 convertible notes and 14,102,564 options exercisable at $0.30 and expiring on 25 May 2028. The securities are to be issued via a placement or similar st...
PainChek secures A$5.5m convertible note funding to accelerate U.S. expansion
May 22, 2026
PainChek Limited has raised A$5.5 million through unsecured convertible notes issued to a small group of existing professional and sophisticated shareholders, providing fresh capital to fund U.S. sales expansion and general working capital. The 12...
PainChek boosts aged care growth with major U.S. deal and rising recurring revenue
Apr 30, 2026
PainChek reported strong momentum for the March 2026 quarter, highlighted by a new master service agreement with U.S. healthcare REIT Sabra that covers 350 aged care homes and provides access to around 20,000 beds, materially enhancing its presenc...
PainChek Options Lapse Trims Potential Future Dilution
Apr 14, 2026
PainChek Ltd has announced the cessation of 1,150,000 options, designated as PCKAR, which expired unexercised on 1 March 2026. The lapse of these options slightly reduces the potential future dilution of existing shareholders but does not immediat...
PainChek strikes Sabra-funded rollout across 20,000 North American aged-care beds
Apr 13, 2026
PainChek Ltd, an Australian developer of AI-based medical devices for pain assessment, has built a global footprint spanning Australia, North America, Europe and parts of Asia, where its smartphone and tablet app supports best-practice pain manage...
PainChek Options Lapse Simplifies Capital Structure
Mar 27, 2026
PainChek Ltd has announced the expiry of 6,354,951 unexercised options with an exercise price of $0.50, which ceased on 24 March 2026. The lapse of these options, disclosed via an Appendix 3H notification, reduces the pool of potential dilutive se...
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: Jun 27, 2026