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HitIQ Limited
(Sydney:HIQ)
HitIQ Limited (HIQ) vs. S&P 500 (SPY)
HitIQ Limited Business Overview & Revenue Model
HitIQ Limited Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 4.75M | 774.26K | 619.02K | 406.68K | 40.26K | Gross Profit |
| 334.63K | 242.73K | 250.05K | -3.28M | -2.75M | EBIT |
| -2.56M | -7.34M | -6.91M | -5.01M | -3.76M | EBITDA |
| -2.54M | -4.31M | -6.54M | -4.79M | -2.32M | Net Income Common Stockholders |
| -3.20M | -5.04M | -6.95M | -5.06M | -2.62M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 584.02K | 1.98M | 2.94M | 8.96M | 428.03K | Total Assets |
| 3.73M | 3.13M | 4.55M | 9.49M | 2.08M | Total Debt |
| 3.20M | 1.69M | 2.16M | 709.34K | 1.16M | Net Debt |
| 2.61M | -284.14K | -779.18K | -8.25M | 729.35K | Total Liabilities |
| 5.20M | 3.18M | 3.38M | 1.56M | 1.70M | Stockholders Equity |
| -1.47M | -46.86K | 1.17M | 7.92M | 386.86K |
| Cash Flow | Free Cash Flow | |||
| -4.12M | -4.57M | -6.57M | -2.18M | -2.37M | Operating Cash Flow |
| -4.10M | -4.51M | -6.51M | -2.13M | -2.31M | Investing Cash Flow |
| -20.78K | -54.73K | -918.06K | -54.84K | -63.97K | Financing Cash Flow |
| 2.73M | 3.61M | 1.41M | 10.71M | 2.53M |
HitIQ Limited Technical Analysis
HitIQ Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $1.09B | ― | -19.56% | ― | 17.79% | 11.08% | |
64 Neutral | AU$16.55M | 140.00 | -3.11% | ― | 89.13% | 69.57% | |
52 Neutral | $5.35B | 3.81 | -42.57% | 2.86% | 17.10% | 1.33% | |
44 Neutral | AU$29.81M | ― | -31.58% | ― | 22.29% | 64.62% | |
40 Underperform | AU$11.10M | ― | ― | 18.53% | 33.17% | ||
39 Underperform | $26.59M | ― | -130.18% | ― | 3.37% | 47.32% | |
34 Underperform | $511.03M | ― | -133.28% | ― | 72.47% | 20.08% |
HitIQ Limited Corporate Events
HitIQ Limited has updated its previous announcement regarding a proposed securities issue, correcting the Rights Issue close date to 6 June 2025. This adjustment aligns with the company’s earlier capital raise announcement, ensuring accurate information for stakeholders and maintaining transparency in its financial operations.
HitIQ Limited, a company listed on the Australian Securities Exchange (ASX), has announced that the suspension of its securities trading will be lifted. This follows the company’s release of an announcement regarding a proposed capital raising, which is expected to impact its market operations and investor relations positively.
HitIQ Limited announced a proposed issue of securities, specifically options expiring on December 30, 2028, with an exercise price of $0.022. The issuance is set to take place on June 26, 2025, and involves a total of 6,181,818 securities. This move is part of the company’s strategy to raise capital, which could potentially strengthen its market position and provide additional resources for its operations. The announcement is significant for stakeholders as it may impact the company’s financial structure and future growth opportunities.
HitIQ Limited has announced a proposed issue of securities, specifically options set to expire on December 30, 2028, with an exercise price of $0.022. This move is part of a placement or other type of issue, with the proposed issue date being June 26, 2025. The announcement reflects HitIQ’s strategic efforts to raise capital, potentially impacting its operational capacity and market positioning.
HitIQ Limited has announced a proposed issue of securities, including options expiring on December 30, 2028, and fully paid ordinary shares. This standard pro rata issue, which is non-renounceable, is set to enhance the company’s capital structure and potentially strengthen its market position by providing additional resources for growth and development. The issuance is scheduled to close on June 3, 2025, with the securities being issued on June 10, 2025.
HitIQ Limited has announced a proposed issue of securities, planning to release a total of 46,363,636 new securities, including options expiring in December 2028 and fully paid ordinary shares. This strategic move is expected to bolster the company’s financial position, potentially enhancing its market presence and operational capabilities within the sports technology industry.
HITIQ Limited has announced a capital raising initiative to gather up to $3.6 million through a combination of a placement to sophisticated investors and a non-renounceable rights issue for eligible shareholders. The funds are intended to support the company’s strategic shift towards the consumer market, highlighting its adaptability and potential for growth in a challenging capital environment.
HITIQ Limited is preparing to launch PROTEQT, a consumer-focused concussion management system, in May 2025. The system integrates a boil-and-bite mouthguard with impact detection and teleconcussion services, aiming to enhance safety in community sports. The company has secured strategic partnerships with the Victorian Amateur Football Association and Westfield Sports High, positioning PROTEQT as a key solution for grassroots athletes. Additionally, HITIQ has strengthened its financial position through loans and is planning a capital raise, supporting its growth trajectory and commitment to addressing the concussion epidemic at the community level.
HITIQ Limited, a company listed on the ASX under the ticker HIQ, has secured a $500,000 short-term loan from its major shareholder, Harmil Angel Investments. This loan is part of HITIQ’s strategy to access additional funding while conducting a capital raise, reflecting the company’s prudent capital management approach in challenging market conditions. The loan, which will be repaid in cash with a 15% interest rate, is expected to be fully drawn down soon and has a maturity date of six months from the initial drawdown. HITIQ’s Non-Executive Chairman, Earl Eddings, expressed gratitude for Harmil’s support and indicated that further details on the capital raise will be shared imminently.
HitIQ Limited has announced a voluntary suspension of its securities from quotation on the Australian Securities Exchange, pending an announcement regarding a proposed capital raising. This move, approved by the company’s board, extends a previous trading halt and is expected to conclude by the start of trading on May 1, 2025. The suspension is part of HitIQ’s strategic efforts to secure additional capital, which could impact its operational capabilities and market positioning.
HitIQ Limited has requested a trading halt on its securities pending an announcement about a proposed capital raising. This move is intended to help the company manage its disclosure obligations and is expected to conclude by the start of normal trading on April 30, 2025, or upon the release of the announcement. The trading halt reflects HitIQ’s strategic efforts to enhance its financial position, potentially impacting its market operations and investor relations.
HITIQ Limited announced the issuance of 1,000,000 fully paid ordinary shares to fulfill investor relations services. This move, executed without disclosure under specific provisions of the Corporations Act, signifies HITIQ’s compliance with relevant regulatory requirements and reflects its strategic efforts to strengthen investor relations. The announcement underscores HITIQ’s commitment to transparency and adherence to corporate governance standards, potentially bolstering its market position and stakeholder confidence.
HITIQ Limited has drawn an additional $220,000 from its secured loan facility with Rockford RDF Pty Ltd, bringing the total to $1,020,000. This drawdown provides early access to their forecasted 2025 R&D Tax Incentive, with repayment expected upon receipt of the RDTI refund by the end of 2025. This financial maneuver is consistent with previous company announcements and reflects strategic financial planning to support ongoing operations.
HitIQ Limited has announced the quotation of 1,000,000 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective April 14, 2025. This move is part of a previously announced transaction and is expected to strengthen the company’s market presence and provide additional capital for its operations, potentially impacting stakeholders positively by enhancing the company’s financial flexibility.
HitIQ Limited has announced a proposed issue of 1,000,000 ordinary fully paid securities, with the issuance scheduled for April 14, 2025. This move is part of a placement or other type of issue, and the company has applied for the quotation of these securities on the ASX, which may impact its market presence and investor relations.
HITIQ Limited has issued 1,000,000 new ordinary shares to settle a $30,000 debt with an external Investor Relations service provider, using its ASX Listing Rule 7.1 placement capacity. This move reflects the company’s strategy to prioritize capital towards business operations, potentially impacting its financial management and stakeholder relations.
HitIQ Limited announced the cessation of 1,500,000 securities due to the expiry of options without exercise or conversion, effective March 25, 2025. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and market positioning.
HitIQ Limited has announced a strategic shift towards the consumer market, specifically targeting amateur and community-level athletes with its HITIQ PROTEQT system. This move is supported by a three-year partnership with the Victorian Amateur Football Association (VAFA), positioning HitIQ as the official concussion technology partner. The partnership aims to leverage HitIQ’s elite-level technology to address the growing demand for concussion safety solutions among amateur athletes. By integrating their proven technology into an affordable product, HitIQ aims to drive adoption and achieve a cash flow positive future, ultimately enhancing player safety and expanding their market presence.
HitIQ Limited reported a reduction in revenues and an increase in losses for the half-year ended December 31, 2024, compared to the previous year. The company did not declare any dividends for this period, and its net tangible assets per share decreased significantly, indicating financial challenges that may impact its market position and stakeholder confidence.
HitIQ Limited has announced a proposed issue of securities, which includes issuing 14,700,000 performance rights and 800,000 fully paid ordinary employee shares. This strategic move is aimed at strengthening the company’s market position and supporting its growth objectives, potentially enhancing its competitive edge in the wearable sports technology sector.
HITIQ Limited has announced the establishment of a new loan facility agreement, providing early access to R&D expenditure for the 2025 financial year. The facility, amounting to $800,000, is structured with terms consistent with previous agreements, including a 15% interest rate and a maturity date 365 days from the agreement. This development is anticipated to bolster HITIQ’s operational capacity, potentially enhancing its industry standing by leveraging the funding for further innovation and market competitiveness.
HITIQ Limited has secured a loan facility with Rockford RDF Pty Ltd to gain early access to $800,000 from its forecast 2025 R&D Tax Incentive. This immediate fund access strengthens HITIQ’s financial position, allowing it to focus on its strategic priorities. The loan, based on incurred R&D expenses and expected tax incentives, will be repaid upon receiving the 2025 R&D Tax Incentive refund by December 2025.