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Excite Technology Services
(Sydney:EXT)
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Rating:40Neutral
Price Target:
AU$0.01
â–²(0.00% Upside)
Action:Reiterated
Date:10/01/26
The score is weighed down primarily by weak financial performance: persistent losses, sustained cash burn, negative equity, rising debt, and a sharp gross margin collapse alongside a 2026 revenue decline. Valuation signals are also unfavorable due to a negative P/E and no dividend yield support. Technical analysis has limited influence because key indicators were not provided, aside from elevated volatility implied by beta.
Positive Factors
Historical Revenue Expansion
The substantial increase in annual revenue over the 2022–2026 period indicates that Excite has demonstrated an ability to expand its business base. Although the latest year reversed this trend, the historical scale-up provides an operating platform that could support recovery if execution and demand stabilize.
Negative Factors
Persistent Losses and Margin Collapse
Persistent operating and net losses weaken the company’s ability to fund growth internally, while the sharp gross-margin collapse raises serious concerns about pricing, cost structure, or revenue mix. Unless margins recover, higher revenue may not translate into durable earnings or cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical Revenue Expansion
The substantial increase in annual revenue over the 2022–2026 period indicates that Excite has demonstrated an ability to expand its business base. Although the latest year reversed this trend, the historical scale-up provides an operating platform that could support recovery if execution and demand stabilize.
Read all positive factors
Excite Technology Services (EXT) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$14.21M
Dividend YieldN/A
Average Volume (3M)6.02M
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue Growth74.49%
EPS Growth-5.00%
CountryAU
Employees35
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,841,400,100
10 Day Avg. Volume787,911
30 Day Avg. Volume6,015,345
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)-3.50
Price to Sales (P/S)0.67
P/FCF Ratio-3.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Excite Technology Services Business Overview & Revenue Model
Company Description
Excite Technology Services Limited, established in North Sydney, Australia, in 2006, specializes in developing advanced cybersecurity services and data protection technology. The company, which rebranded from Cipherpoint Limited in September 2023,...
Excite Technology Services Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2024 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 21.33M | 12.22M | 7.97M | 6.79M | 4.00M |
| Gross Profit | 1.63M | -3.00M | 7.97M | -1.43M | 4.00M |
| EBITDA | -3.52M | -5.65M | -1.54M | -3.21M | -9.76M |
| Net Income | -5.39M | -6.43M | -2.28M | -3.58M | -8.19M |
Balance Sheet | |||||
| Total Assets | 13.89M | 10.76M | 5.21M | 6.59M | 3.67M |
| Cash, Cash Equivalents and Short-Term Investments | 999.26K | 1.14M | 204.86K | 1.25M | 1.90M |
| Total Debt | 10.78M | 3.04M | 580.23K | 394.51K | 234.66K |
| Total Liabilities | 17.99M | 11.70M | 4.25M | 5.14M | 3.63M |
| Stockholders Equity | -4.10M | -940.44K | 332.14K | 1.36M | 267.28K |
Cash Flow | |||||
| Free Cash Flow | -4.79M | -3.70M | -875.99K | -1.80M | -3.54M |
| Operating Cash Flow | -4.53M | -3.65M | -861.91K | -1.80M | -3.29M |
| Investing Cash Flow | -259.25K | -796.71K | -14.08K | -1.94M | -1.80M |
| Financing Cash Flow | 4.65M | 3.73M | -168.45K | 2.85M | 2.88M |
Excite Technology Services Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | AU$26.34M | -27.36 | -6.86% | ― | 33.71% | -277.88% | |
53 Neutral | AU$10.59M | -4.31 | -156.13% | ― | 5.53% | 54.83% | |
49 Neutral | AU$14.89M | -3.18 | -21.70% | ― | -4.17% | 80.49% | |
48 Neutral | AU$10.73M | -1.48 | -162.05% | ― | -11.66% | 89.02% | |
46 Neutral | AU$4.76M | -1.93 | -61.71% | ― | -1.71% | -58.33% | |
40 Neutral | AU$14.21M | -1.06 | 348.27% | ― | 74.49% | -5.00% |
* Technology Sector Average
AU:EXT
Excite Technology Services
0.01
0.00
0.00%
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Excite Technology Services Corporate Events
Excite Technology Services Updates Director’s Equity Holdings After Loan Repayment
Oct 1, 2026
Excite Technology Services has reported a change in director Bryan Saba’s interests, detailing adjustments to both his direct and indirect holdings in the company’s securities. The update shows an increase in ordinary shares and the ad...
Excite Technology Services Expands Share Base with Compliance-Cleared Issuance
Sep 30, 2026
Excite Technology Services has issued 83,333,334 fully paid ordinary shares on 30 September 2026 without a prospectus, relying on provisions of the Corporations Act that permit such issuance when disclosure and reporting obligations have been met....
Excite Technology Services Issues 33.9 Million Unquoted Performance Rights
Sep 30, 2026
Excite Technology Services Ltd has notified the market of the issuance of 33,857,000 unquoted performance rights. The new EXTAL performance rights have been granted under the company’s employee incentive scheme and are not intended to be quo...
Excite Technology Services Seeks ASX Quotation for New Share Issue
Sep 30, 2026
Excite Technology Services Ltd, listed on the ASX under the ticker EXT, operates in the technology services industry. The company focuses on providing technology-related solutions and services, positioning itself within the broader IT and digital ...
Excite wins $3.2m Australian Federal Government contract expansion
Sep 28, 2026
Excite Technology Services has secured a $3.2 million, 24‑month expansion of an existing contract with an Australian Federal Government agency to supply specialised technology, software, and associated training. The win, which follows a sign...
Excite Technology Services Issues Shares in Lieu of Cash Bonus
Sep 18, 2026
Excite Technology Services has issued 2,500,000 fully paid ordinary shares to an employee in lieu of a cash bonus, expanding its share capital while reinforcing an equity-based compensation strategy. The company confirmed it remains compliant with...
Excite Technology Services Seeks ASX Quotation for 2.5 Million New Shares
Sep 18, 2026
Excite Technology Services Ltd has applied for quotation on the ASX of 2,500,000 new ordinary fully paid shares, issued on September 17, 2026 under its code EXT. The application, made under Appendix 2A of the ASX Listing Rules, reflects an expansi...
Excite Technology Services Issues 100 Million Unquoted Options
Sep 8, 2026
Excite Technology Services Ltd has notified the market of the issue of 100,000,000 unquoted options, each with an exercise price of $0.01 and a 36-month expiry from the date of issue. The options, which form part of previously announced transactio...
Excite Technology Services Seeks ASX Quotation for Over 53 Million New Shares
Sep 8, 2026
Excite Technology Services Ltd has lodged an application with the ASX for quotation of 53,598,474 ordinary fully paid shares under its existing ticker EXT. The newly quoted securities were issued as part of previously announced transactions, signa...
Excite Technology Services Reports Expiry of 661.9 Million Share Options
Sep 7, 2026
Excite Technology Services Ltd has notified the ASX of the cessation of a large tranche of options over its shares, identified as EXTOD and expiring on 5 September 2026. A total of 661,907,807 options have expired without being exercised, reducing...
Excite Technology Services Seeks ASX Quotation for New Option-Conversion Shares
Sep 6, 2026
Excite Technology Services has applied to the Australian Securities Exchange for quotation of a new batch of securities issued upon the exercise of options or conversion of other convertible instruments. The company confirmed the securities were i...
Excite Technology Services Wins Shareholder Backing for Capital Flexibility at AGM
Aug 31, 2026
Excite Technology Services Limited has confirmed that all resolutions at its Annual General Meeting on 31 August 2026 were decided by poll, with shareholders largely backing the board’s agenda. The non-binding remuneration report received st...
Excite Technology Services boosts sales and eyes AI-driven cyber growth
Aug 20, 2026
Excite Technology Services reported $3.122 million in sales over June and July 2026, driven largely by government contracts in law enforcement, defence and anti-corruption, alongside recurring revenue from private-sector clients across financial s...
Excite Technology Services Discloses Final Interests of Departing Director
Aug 13, 2026
Excite Technology Services Limited has announced that director Hugh Bickerstaff ceased to be a director on 12 August 2026, with this disclosure made in accordance with ASX listing rule 3.19A.3 and the Corporations Act. At the time of his departure...
Excite Technology Services Revokes Chair Election Resolution After Board Resignation
Aug 13, 2026
Excite Technology Services Limited has withdrawn a resolution relating to the election of outgoing Non-Executive Chair Hugh Bickerstaff from the agenda of its upcoming Annual General Meeting, following his resignation from the board earlier the sa...
Excite Technology Services Reshapes Board Leadership
Aug 13, 2026
Excite Technology Services has announced changes to its board, with Non-Executive Chair Hugh Bickerstaff resigning as chair and director of the company. Existing Non-Executive Director Neil Sinclair has been appointed as Non-Executive Chair on a t...
Excite Technology Services Expands Share Capital via Option Exercise
Aug 4, 2026
Excite Technology Services Limited has issued 215,004 fully paid ordinary shares following the exercise of existing listed EXTOD options, expanding its share capital without the need for a formal disclosure document under the fundraising provision...
Excite Technology Services Seeks Quotation for Additional ASX Shares
Aug 4, 2026
Excite Technology Services Ltd has applied for quotation of 215,004 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of August 3, 2026. The move modestly increases the company’s listed equity base and ...
Excite Technology Services Sets September Expiry for ASX-Listed Options
Jul 31, 2026
Excite Technology Services Limited has notified holders of its listed options, trading under the code EXTOD, that these options will expire at 5:00 p.m. AEST on 5 September 2026. The options are exercisable at $0.01 per option into fully paid ordi...
Excite Technology Services Nears Cash Flow Breakeven as Receipts Surge
Jul 31, 2026
Excite Technology Services reported a strong June quarter, with customer receipts rising 24% to $4.91 million as large digital forensics contracts converted to cash. Net operating cash outflow narrowed sharply to $112,000 and operating payments fe...
Excite Technology Services Moves AGM and Shareholder Communications Online
Jul 30, 2026
Excite Technology Services Limited, an ASX-listed technology services company, maintains a strong focus on digital investor communications and compliance with Australian corporate governance standards. It relies on external registry services and o...
Excite Technology Services Names Hugh Bickerstaff Director, Discloses Indirect Shareholding
Jul 13, 2026
Excite Technology Services Limited has appointed Hugh Bickerstaff as a director, effective 8 July 2026, and has disclosed his initial interests in the company’s securities in line with ASX requirements. Bickerstaff holds no shares directly b...
Excite Technology Services Sets Date for 2026 AGM and Director Nomination Deadline
Jul 13, 2026
Excite Technology Services has scheduled its 2026 Annual General Meeting of shareholders for 31 August 2026, signaling the next key governance and engagement event for investors in the ASX-listed cybersecurity firm. The company also set 20 July 20...
Excite Technology Services Issues New Shares and Confirms Regulatory Compliance
Jul 9, 2026
Excite Technology Services has issued 529,734,859 fully paid ordinary shares at $0.006 per share without a prospectus, relying on provisions of the Corporations Act that allow such an offer to be made to investors. The company affirmed its ongoing...
Excite Technology Services Seeks ASX Quotation for Large Share Issue
Jul 9, 2026
Excite Technology Services Ltd has applied to the ASX for quotation of 529,734,859 ordinary fully paid shares under the ticker EXT, with an issue date of July 9, 2026. The substantial volume of new quoted securities indicates a significant capital...
Excite Technology Services Strengthens Board as Growth Plans Accelerate
Jul 8, 2026
Excite Technology Services has appointed veteran technology executive and investor Hugh Bickerstaff as Independent Non-Executive Chair and corporate governance specialist Ian Gebbie as joint Company Secretary. The board changes follow a recent cap...
Excite Technology Services Lifts Size of Planned Securities Placement
Jul 7, 2026
Excite Technology Services Ltd has updated its proposed securities issue, notifying the ASX of an increase in the number of securities to be issued under a placement or similar capital-raising structure. The update, lodged on July 7, 2026, amends ...
Excite Technology Services Upsizes Equity Placement to $3.5 Million
Jul 7, 2026
Excite Technology Services has upsized its equity placement after securing additional firm commitments of $240,000 from existing and new sophisticated and professional investors, bringing the total capital raise to $3.5 million before costs at an ...
Excite Technology Services Plans Major ASX Share and Option Issue
Jul 3, 2026
Excite Technology Services Ltd has announced a proposed issue of new securities on the Australian Securities Exchange, including up to 543,244,334 fully paid ordinary shares and 271,622,167 options with a $0.01 exercise price expiring 36 months fr...
Excite Technology Services Raises $3.26m to Accelerate Growth and Strengthen Balance Sheet
Jul 3, 2026
Excite Technology Services has secured firm commitments to raise $3.26 million through a share placement to institutional and professional investors at $0.006 per share, with free-attaching options subject to shareholder approval. The capital will...
Excite Technology Services Halts ASX Trading Ahead of Capital Raising
Jul 1, 2026
Excite Technology Services Limited has requested a trading halt on its ASX-listed securities as it prepares an announcement regarding a proposed capital raising, with the halt to remain in place until either 3 July 2026 or the release of the capit...
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.