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Telix Pharmaceuticals Ltd. (AU:TLX)
ASX:TLX
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Telix Pharmaceuticals (TLX) AI Stock Analysis

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AU:TLX

Telix Pharmaceuticals

(Sydney:TLX)

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Neutral 70 (OpenAI - 4o)
Rating:70Neutral
Price Target:
AU$17.50
▲(8.23% Upside)
Telix Pharmaceuticals Ltd. demonstrates strong financial performance and positive earnings call sentiment, driving a favorable outlook. However, high valuation metrics and cash flow management concerns temper the overall score. Technical indicators suggest cautious optimism in the short term, but longer-term trends remain uncertain.
Positive Factors
Revenue Growth
Strong revenue growth indicates robust demand for Telix's products and successful market penetration, supporting long-term business expansion.
Product Expansion
Expanding product offerings enhances Telix's competitive position and diversifies revenue streams, contributing to sustainable growth.
Cash Position
A strong cash position provides financial flexibility for strategic investments and R&D, supporting long-term innovation and growth.
Negative Factors
Cash Flow Management
Inadequate cash flow management could hinder Telix's ability to fund operations and growth initiatives, impacting long-term sustainability.
Gross Margin Pressure
Declining gross margins may reduce profitability, necessitating cost management improvements to maintain financial health.
Competitive Pricing Pressures
Pricing pressures in key markets could compress margins and affect revenue growth, challenging Telix's competitive advantage.

Telix Pharmaceuticals (TLX) vs. iShares MSCI Australia ETF (EWA)

Telix Pharmaceuticals Business Overview & Revenue Model

Company DescriptionTelix Pharmaceuticals Limited, a radiopharmaceutical company, develops molecularly targeted radiation (MTR) products for cancer and rare diseases in Australia, Belgium, Japan, Switzerland, and the United States. The company focuses on developing diagnostic and therapeutic products using MTR. Its lead products include TLX591-CDx for the diagnosis and treatment of metastatic castrate-resistant prostate cancer; TLX66-CDx to treat bone marrow conditioning and rare diseases; TLX250, which is in Phase II clinical trials for the diagnosis and treatment of renal (kidney) cancer; TLX250-CDx that is in Phase III clinical trials for the diagnosis and treatment of renal (kidney) cancer; TLX591, which is in Phase III clinical trials for the diagnosis and treatment of metastatic castrate-resistant prostate cancer; TLX101 that is in Phase I/II clinical trials and TLX101-CDx for the diagnosis and treatment of glioblastoma (brain cancer); and TLX66, which is in Phase I/IIa clinical trials for the treatment of bone marrow conditioning and rare diseases. The company also develops TLX592, a prostate cancer therapy candidate for targeted alpha therapy; TLX591-Sx, a positron emission tomography (PET) tracer that delivers PET and fluorescent (optical) imaging; and TLX599-CDx, an investigational prostate cancer imaging agent that uses single photon emission computed tomography. It has a strategic license and commercial partnership with China Grand Pharmaceutical and Healthcare Holdings Limited for developing a portfolio of MTR products; scientific and clinical research collaboration with Mauna Kea Technologies; and strategic collaboration agreement with Lightpoint Medical, Ltd. The company was founded in 2015 and is headquartered in North Melbourne, Australia.
How the Company Makes MoneyTelix Pharmaceuticals generates revenue primarily through the sale of its radiopharmaceutical products and therapies, which are often sold to hospitals and clinics for cancer treatment. The company also engages in partnerships and collaborations with other pharmaceutical and biotechnology companies to co-develop products, which can provide additional funding and shared resources. Licensing agreements and clinical trial collaborations can contribute to revenue, particularly if Telix's products gain market approval and achieve commercial success. Furthermore, Telix may receive milestone payments associated with the achievement of specific regulatory or commercial objectives within these partnerships, enhancing its overall revenue model.

Telix Pharmaceuticals Earnings Call Summary

Earnings Call Date:Aug 20, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Feb 19, 2026
Earnings Call Sentiment Positive
The earnings call presented a strong performance in terms of revenue growth, product expansion, and strategic acquisitions, highlighting the company's robust cash position and pipeline advancements. However, challenges such as SEC inquiries, gross margin pressure, and competitive pricing pressures were noted.
Q2-2025 Updates
Positive Updates
Record Revenue Growth
Telix reported a 63% year-on-year increase in group revenues for the first half of 2025, with revenues reaching $390 million.
Successful Product Expansion
The company has expanded its product line to include multiple approved products, with a significant rollout of Illuccix across Europe and upcoming launches of Zircaix and Pixclara.
Strong Precision Medicine Performance
Precision medicine revenues increased by 30% year-on-year, with EBITDA improving by 24% and gross margins steady at 64%.
Strategic Acquisitions and Infrastructure Growth
The company's global manufacturing and distribution sites have grown to 38, and its workforce has more than doubled, now exceeding 1,000 employees.
Robust Cash Position
Telix ended the first half of 2025 with $207 million in cash on hand and generated $18 million in operational cash flow.
Pipeline Progress
Significant progress was made in the therapeutics pipeline, including the launch of pivotal trials in prostate cancer and glioblastoma.
Negative Updates
SEC Information Request
Telix received a subpoena from the SEC regarding disclosure activity related to prostate cancer therapeutic candidates, although no allegations or charges have been made.
Gross Margin Pressure from RLS
The group's overall gross margin declined to 53% due to the addition of RLS third-party products and associated costs.
Pricing Challenges
The company faces competitive pricing pressures in the PSMA market, particularly following changes in reimbursement status.
Company Guidance
During the Telix Half Quarter 2025 Results and Investor Webcast, the company provided a detailed financial and operational performance overview for the first half of 2025. Telix reported a strong revenue growth of 63% year-on-year, with group revenues reaching $390 million, primarily driven by Illuccix and new third-party revenues from the RLS acquisition. The Precision Medicine business saw a revenue increase of 30% year-on-year, with EBITDA improving by 24%. Overall gross margin was reported at 53%, reflecting a mix of stable margins from Illuccix and contributions from RLS. The company made significant investments in global manufacturing infrastructure, increasing R&D spending by 47% compared to the previous year. Cash on hand was $207 million at the end of the half-year. Telix reaffirmed its full-year guidance, expecting revenues between $770 million and $800 million and an R&D investment increase of 20% to 25%. The company emphasized its strategic focus on long-term asset value and highlighted its progress in expanding its product offerings, geographic presence, and indications in the Precision Medicine and Therapeutics businesses.

Telix Pharmaceuticals Financial Statement Overview

Summary
Telix Pharmaceuticals Ltd. shows strong revenue and profit growth with improved margins and operational efficiency. The balance sheet is stable but has slightly high leverage. Cash flow management needs improvement for long-term liquidity.
Income Statement
85
Very Positive
Telix Pharmaceuticals Ltd. demonstrated strong revenue growth with a significant increase from $502.5M in 2023 to $783.2M in 2024, marking a 55.8% growth rate. The gross profit margin improved to 65.0%, showcasing efficient cost management. The net profit margin rose to 6.4%, reflecting enhanced profitability compared to previous years. The EBIT and EBITDA margins were healthy at 10.5% and 11.8%, respectively, indicating strong operational performance. Overall, the income statement reflects robust growth and improving profitability.
Balance Sheet
75
Positive
The company's financial position is solid with a debt-to-equity ratio of 1.02, suggesting a balanced approach to financing. The return on equity (ROE) improved to 8.8%, indicating better utilization of equity to generate profit. An equity ratio of 37.5% shows moderate reliance on equity financing. The balance sheet reflects a stable financial structure with steady equity growth, but there remains a slightly high leverage that could pose risks in volatile market conditions.
Cash Flow
65
Positive
Despite a lack of operating cash flow in the latest year, Telix Pharmaceuticals achieved a positive free cash flow of $9M, a decline from $13.1M in the previous year, indicating a need for better cash flow management. The absence of operating cash flow raises concerns regarding the sustainability of cash generation through operations. The free cash flow to net income ratio suggests limited conversion of profit into cash. Overall, cash flow management needs improvement to ensure long-term liquidity.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.19B783.21M502.55M160.10M7.60M5.21M
Gross Profit674.14M509.68M314.39M29.34M-29.77M-16.88M
EBITDA85.71M92.55M22.97M-92.84M-70.07M-54.20M
Net Income34.76M49.92M5.21M-104.08M-80.51M-44.89M
Balance Sheet
Total Assets1.19B1.52B398.30M255.35M109.81M157.82M
Cash, Cash Equivalents and Short-Term Investments207.16M710.35M123.24M116.33M22.04M77.94M
Total Debt418.25M581.45M17.45M10.45M2.54M2.21M
Total Liabilities768.01M948.22M249.39M178.44M106.17M78.81M
Stockholders Equity421.94M568.21M148.91M80.01M2.16M79.02M
Cash Flow
Free Cash Flow5.92M9.00M13.09M-77.83M-60.67M1.64M
Operating Cash Flow36.39M43.03M23.88M-63.97M-59.33M1.96M
Investing Cash Flow-497.38M-135.17M-25.49M-17.00M-2.73M-1.09M
Financing Cash Flow630.70M638.92M10.19M174.96M2.85M34.12M

Telix Pharmaceuticals Technical Analysis

Technical Analysis Sentiment
Negative
Last Price16.17
Price Trends
50DMA
15.47
Positive
100DMA
18.85
Negative
200DMA
22.99
Negative
Market Momentum
MACD
0.31
Negative
RSI
51.86
Neutral
STOCH
43.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TLX, the sentiment is Negative. The current price of 16.17 is above the 20-day moving average (MA) of 15.96, above the 50-day MA of 15.47, and below the 200-day MA of 22.99, indicating a neutral trend. The MACD of 0.31 indicates Negative momentum. The RSI at 51.86 is Neutral, neither overbought nor oversold. The STOCH value of 43.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TLX.

Telix Pharmaceuticals Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
$2.71B18.3354.79%12.35%26.73%
$572.79M15.6615.90%0.44%7.76%1.55%
$5.47B324.703.21%60.23%-66.98%
$3.22B-18.95%198.58%3.97%
AU$44.16M-49.72%10.78%
$419.50M-35.86%-19.21%
$7.86B-0.30-43.30%2.27%22.53%-2.21%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:TLX
Telix Pharmaceuticals
16.17
-4.93
-23.36%
AU:CUV
Clinuvel Pharmaceuticals
11.41
-2.92
-20.38%
AU:MSB
Mesoblast Limited
2.51
1.16
86.62%
AU:NEU
Neuren Pharmaceuticals Limited
21.46
9.18
74.76%
AU:IMM
Immutep Ltd
0.30
0.02
5.26%
AU:PTX
Prescient Therapeutics Limited
0.05
0.01
25.00%

Telix Pharmaceuticals Corporate Events

Telix Pharmaceuticals to Release Shares from Voluntary Escrow
Oct 28, 2025

Telix Pharmaceuticals announced the release of 45,584 ordinary shares from voluntary escrow, which were initially issued as part of the acquisition of Lightpoint Medical and its SENSEI® radio-guided surgery business. This release of shares is a strategic move following the acquisition, potentially impacting Telix’s market positioning by enhancing its operational capabilities in the radio-guided surgery sector.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$34.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals to Release Shares from Voluntary Escrow
Oct 23, 2025

Telix Pharmaceuticals announced the release of 1,649,037 ordinary shares from voluntary escrow, which were initially issued as part of the acquisition of Lightpoint Medical’s SENSEI® radio-guided surgery business. This release, scheduled for November 3, 2025, marks a significant step in the integration of Lightpoint Medical’s technologies, potentially enhancing Telix’s market position in the field of minimally invasive and robotic-assisted surgery.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Boosts Revenue Forecast Amid Strategic Expansions
Oct 14, 2025

Telix Pharmaceuticals reported a significant revenue increase of 53% year-over-year for Q3 2025, reaching $206 million, and upgraded its FY 2025 revenue guidance to $800-820 million. The company achieved full reimbursement for Gozellix in the U.S. and expanded its Illuccix product approval to 19 European markets. These developments, along with ongoing clinical trials and strategic market launches, position Telix strongly in the precision medicine sector, enhancing its competitive edge and operational capabilities.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$24.25 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Announces Cessation of Securities
Oct 9, 2025

Telix Pharmaceuticals Limited announced the cessation of certain securities, including share rights and share appreciation rights, due to unmet conditions. This development may impact the company’s capital structure and could have implications for its stakeholders, as it reflects adjustments in the company’s financial and operational strategies.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$24.25 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Issues New Securities to Bolster Strategic Growth
Oct 9, 2025

Telix Pharmaceuticals Limited announced the issuance of 80,000 ordinary fully paid securities, effective September 11, 2025. This move reflects the company’s ongoing efforts to enhance its financial structure and support its strategic initiatives, potentially impacting its market positioning and offering new opportunities for stakeholders.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$24.25 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Expands ASX Quotation with New Securities
Oct 9, 2025

Telix Pharmaceuticals Limited has announced the quotation of new securities on the Australian Securities Exchange (ASX), with a total of 21,815 ordinary fully paid shares being issued. This move is part of the company’s strategic efforts to enhance its capital structure and potentially improve its market position, which could have implications for its stakeholders by increasing the liquidity and visibility of its shares.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$24.25 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Secures Key Reimbursement Status for Gozellix
Sep 23, 2025

Telix Pharmaceuticals announced that the U.S. Centers for Medicare & Medicaid Services has granted Transitional Pass-Through payment status for Gozellix, their next-generation PSMA-PET imaging agent for prostate cancer. This designation allows for separate reimbursement under the Hospital Outpatient Prospective Payment System, effective October 1, 2025, and is a key milestone in Telix’s U.S. commercial strategy. Gozellix offers a longer shelf life and extended distribution radius, improving access and efficiency in prostate cancer imaging. The reimbursement status is expected to reduce patient costs and enhance access to advanced imaging, strengthening Telix’s market position as a leader in PSMA-PET/CT imaging.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$34.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Challenger Limited Ceases Substantial Holding in Telix Pharmaceuticals
Sep 12, 2025

Challenger Limited has announced that it has ceased to be a substantial holder in Telix Pharmaceuticals Ltd. This change in holding status was officially communicated to the ASX, indicating a shift in Challenger’s investment strategy or portfolio composition regarding Telix Pharmaceuticals. The announcement may impact stakeholders by altering the perceived market position or investment appeal of Telix Pharmaceuticals.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals and FDA Agree on Resubmission Pathway for TLX101-CDx
Sep 8, 2025

Telix Pharmaceuticals has reached an agreement with the U.S. FDA on the resubmission pathway for its New Drug Application for TLX101-CDx, an investigational imaging agent for glioma, a rare brain cancer. The company plans to resubmit the NDA in Q4 2025, following detailed feedback from the FDA, which includes conducting an additional confirmatory efficacy study. The FDA has acknowledged the unmet medical need and indicated that an expedited review is likely, although TLX101-CDx is not included in Telix’s 2025 revenue guidance as it remains an unapproved product.

The most recent analyst rating on (AU:TLX) stock is a Hold with a A$16.50 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Announces Quotation of New Securities
Sep 4, 2025

Telix Pharmaceuticals Limited has announced the quotation of 37,949 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective from September 8, 2025. This move is part of an employee incentive scheme, reflecting the company’s commitment to rewarding its workforce and potentially enhancing its market position by aligning employee interests with shareholder value.

The most recent analyst rating on (AU:TLX) stock is a Hold with a A$16.50 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals to Release Shares from Voluntary Escrow
Sep 4, 2025

Telix Pharmaceuticals announced the release of 41,698 ordinary shares from voluntary escrow, which were initially issued as part of the acquisition of Lightpoint Medical and its SENSEI® radio-guided surgery business. This release, set for 17 September 2025, is in accordance with ASX Listing Rule 3.10A and may impact the company’s market operations by potentially increasing share liquidity and investor interest.

The most recent analyst rating on (AU:TLX) stock is a Hold with a A$16.50 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Challenger Limited Ceases Substantial Holding in Telix Pharmaceuticals
Sep 1, 2025

Challenger Limited has announced that it has ceased to be a substantial holder in Telix Pharmaceuticals Ltd. This change in holding status is significant as it indicates a shift in Challenger’s investment strategy or portfolio composition, potentially impacting Telix’s shareholder structure and market perception.

The most recent analyst rating on (AU:TLX) stock is a Hold with a A$16.50 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Reports Strong Earnings Amid Challenges
Sep 1, 2025

Telix Pharmaceuticals Ltd. recently held its earnings call, showcasing a strong performance marked by impressive revenue growth, strategic product expansion, and key acquisitions. The company demonstrated a robust cash position and significant pipeline advancements. However, challenges such as SEC inquiries, gross margin pressures, and competitive pricing were also highlighted.

Telix Pharmaceuticals Receives FDA Response on TLX250-CDx Application
Aug 28, 2025

Telix Pharmaceuticals announced it received a Complete Response Letter from the U.S. FDA regarding its Biologics License Application for TLX250-CDx, a PET agent for diagnosing renal masses. The FDA identified deficiencies in the Chemistry, Manufacturing, and Controls package, requiring additional data and remediation of issues with third-party partners. Despite these setbacks, Telix plans to address the concerns promptly and believes the issues are resolvable. The announcement does not affect the company’s 2025 revenue guidance, as it excludes unapproved products, and Telix will continue providing patient access through an FDA-approved expanded access program.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$25.60 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Reports Strong Revenue Growth Amid Strategic Investments
Aug 21, 2025

Telix Pharmaceuticals Ltd. is a company specializing in the development and distribution of radiopharmaceutical products, primarily operating in the biotechnology sector with a focus on oncology and rare diseases. In its interim report for the first half of 2025, Telix Pharmaceuticals reported a significant revenue increase to $390.4 million, a 63% rise from the previous year, driven by organic growth of Illuccix® and the acquisition of RLS. Despite this growth, the company recorded a net loss of $2.3 million, attributed to non-cash interest expenses and increased investments in research and development. Key financial metrics included a gross margin of 53% and an adjusted EBITDA of $21.1 million, reflecting strategic investments in pipeline development and global manufacturing capabilities. Looking ahead, Telix’s management remains focused on advancing its therapeutic pipeline and expanding its market presence, aiming for sustainable long-term growth through continued innovation and strategic acquisitions.

Telix Pharmaceuticals Reports Robust H1 2025 Results Amid Strategic Growth Investments
Aug 21, 2025

Telix Pharmaceuticals reported strong financial results for the first half of 2025, with a 63% increase in revenue to $390.4 million, driven by strategic investments in commercial infrastructure and R&D. The company is expanding its global manufacturing operations and launching new products, positioning itself for sustainable long-term growth. Despite a loss before tax of $4.8 million due to non-cash finance costs and increased amortization, Telix maintains a positive operating cash flow and continues to invest heavily in its therapeutics pipeline, with significant advancements in clinical trials and product approvals anticipated.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$26.25 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX Stock Forecast page.

Telix Pharmaceuticals Reports Strong Revenue Growth Amid Strategic Investments
Aug 21, 2025

Telix Pharmaceuticals reported strong revenue growth for the half-year ending June 30, 2025, with total revenue reaching $390.4 million, marking a 63% increase from the previous year. Despite the revenue growth, the company recorded an operating loss of $2.3 million due to increased finance costs and investments in research and development. Telix is positioning itself for long-term growth by expanding its product line and geographic reach, notably through the acquisition of RLS Radiopharmacies and the pending approvals of new products.

The most recent analyst rating on (AU:TLX) stock is a Buy with a A$26.25 price target. To see the full list of analyst forecasts on Telix Pharmaceuticals stock, see the AU:TLX 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: Oct 30, 2025