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Imagion Biosystems Ltd. (IBX) AI Stock Analysis

18 Followers
AU:IBX

Imagion Biosystems Ltd.

(ASX:IBX)

Select Model
Rating:37Underperform
Price Target:AUD 0.01▲(80.00% Upside)
Action:downgraded
Date:09/26/26

The company is in a critical financial state with zero revenue, negative equity, and insolvency. The stock trades at a penny with no technical support or positive valuation metrics, representing extreme risk.

Positive Factors
MagSense Molecular Imaging PlatformThe MagSense platform uses a targeted molecular-imaging approach rather than relying only on conventional anatomical scans. Its intended ability to support earlier cancer detection and disease characterization provides a differentiated long-term development direction, if clinical and commercial execution succeeds.
Negative Factors
No Current RevenueRevenue falling to zero in 2025 shows that the company has not yet established a dependable commercial revenue base. Without recurring sales, progress depends on successfully converting development work into products and customer adoption, leaving near-term financial self-sufficiency weak.

Imagion Biosystems Ltd. (IBX) vs. iShares MSCI Australia ETF (EWA)

-60%-40%-20%0%20%40%60%AU:IBX-54.55%EWA+16.10%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 2.70M
Dividend Yield
―
Average Volume (3M)
1.83M
Price to Earnings (P/E)
-0.4
Beta (1Y)
1.78
Revenue Growth
-100.00%
EPS Growth
-3.67%
Country
Australia
Employees
11
Sector
Healthcare
Sector Strength
51
Industry
Medical - Diagnostics & Research

Imagion Biosystems Ltd. Business Overview & Revenue Model

Company Description

Imagion Biosystems Limited operates as a medical imaging company that uses bio-safe magnetic nanoparticles to detect cancer and other diseases in Australia. The company is involved in nanotechnology; biotechnology; medical imaging using magnetic reso...

Imagion Biosystems Ltd. Financial Statement Overview

Summary

Revenue collapsed to zero in 2025, net losses persist, equity is negative, and cash burn continues. The company is insolvent with debt exceeding assets, indicating severe financial distress.

Income Statement

4Very Negative

Balance Sheet

2Very Negative

Cash Flow

3Very Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue002.67M1.08M473.43K232.87K
Gross Profit-6,369-8,8082.26M-279.83K-3.14M-2.47M
EBITDA-4.67M-3.58M-355.52K-10.30M-11.03M-5.62M
Net Income-4.63M-4.31M-2.07M-12.47M-9.81M-6.02M
Balance Sheet
Total Assets671.92K2.04M2.80M4.59M9.98M14.12M
Cash, Cash Equivalents and Short-Term Investments32.46K1.85M2.67M227.08K4.45M13.39M
Total Debt2.19M2.56M2.85M6.04M4.60M46.02K
Total Liabilities4.09M4.21M5.09M8.37M5.30M809.88K
Stockholders Equity-3.42M-2.16M-2.28M-3.79M4.68M13.31M
Cash Flow
Free Cash Flow-4.05M-4.04M-1.27M-8.51M-9.21M-5.29M
Operating Cash Flow-4.05M-4.04M-1.27M-8.32M-8.70M-5.07M
Investing Cash Flow0083.74K-190.38K-468.73K-310.09K
Financing Cash Flow3.23M3.24M3.61M4.29M-962.06K5.15M

Imagion Biosystems Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (51)

Financial Indicators

AU:IBX against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *51Neutral$7.86B-0.30-43.30%2.27%22.53%-2.21%
AU:IDXAU:IDX48NeutralAUD 634.92M28.913.24%5.88%25.73%390.83%
AU:BDXAU:BDX39UnderperformAUD 23.60M-3.03-881.94%―743.51%-1.52%
AU:GSSAU:GSS39UnderperformAUD 16.35M-1.17-35.10%―-9.10%31.75%
AU:RHYAU:RHY38UnderperformAUD 23.66M-3.73-205.17%―239.64%-37.21%
AU:IBXAU:IBX37UnderperformAUD 4.02M-0.44165.88%―-100.00%-3.67%

* Healthcare Sector Average

Performance Comparison

0%100%AU:IBXAU:BDXAU:RHYAU:GSSAU:IDXDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AU:IBX and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:IBXImagion Biosystems Ltd.0.01-0.01-54.55%
AU:BDXBCAL Diagnostics Limited0.06-0.02-23.75%
AU:RHYRhythm Biosciences Ltd.0.07-0.02-23.26%
AU:GSSGenetic Signatures Ltd.0.07-0.22-75.17%
AU:IDXIntegral Diagnostics Ltd.1.70-0.69-28.93%

Imagion Biosystems Ltd. Corporate Events

Imagion Biosystems Restores MagSense Nanoparticle Manufacturing via nanoComposix Deal

Sep 13, 2026

Imagion Biosystems has signed a Master Service Agreement with nanoComposix, a specialty nanoparticle CDMO, to resume pharmaceutical-grade manufacturing of its MagSense® nanoparticles in alignment with U.S. FDA product quality standards. By outsourcin...

Imagion Biosystems promotes molecular MRI platform for early cancer detection

Sep 3, 2026

Imagion Biosystems has released an investor presentation outlining its molecular MRI platform as a next-generation imaging technology for early cancer detection. The company positions this approach as a breakthrough in oncology imaging, aiming to enh...

Imagion Biosystems issues cleansing notice on new options

Sep 1, 2026

Imagion Biosystems has issued a cleansing notice following the allotment of 40,208,334 listed options expiring on 13 December 2027, including options granted to participants in a recent placement and to the lead manager. The options were issued witho...

Imagion Biosystems Seeks ASX Quotation for 7.5 Million New Options

Sep 1, 2026

Imagion Biosystems Limited has applied to the ASX for quotation of new options, designated under the security code IBXO, further integrating these instruments into its listed securities structure. The options relate to securities issued to the lead m...

Imagion Biosystems Seeks ASX Quotation for 32.7 Million Options

Sep 1, 2026

Imagion Biosystems has applied to the ASX for quotation of new options under the code IBXO, expanding its listed securities on the market. The company is seeking quotation for a total of 32,708,334 options expiring on 13 December 2027, issued across...

Imagion Biosystems Options Lapse, Streamlining Capital Structure

Aug 27, 2026

Imagion Biosystems has announced the expiry and cessation of 1,164,597 listed options with the ASX code IBXAAU, which carried an exercise price of $0.90 and an expiry date of August 25, 2026. The options lapsed without being exercised, resulting in a...

Imagion Biosystems Details Director’s Milestone-Linked Equity Holdings

Aug 25, 2026

Imagion Biosystems has disclosed a change in Director Robert Romeo Proulx’s interests in the company’s securities, detailing his holdings of ordinary shares, listed and unlisted options, and multiple classes of performance rights tied to clinical and...

Imagion Biosystems Half-Year Loss Widens as Auditors Flag Going-Concern Risk

Aug 24, 2026

Imagion Biosystems reported a half-year loss after tax of $1.98 million for the period ended 30 June 2026, a 19.2% increase on the prior corresponding period, with no dividends declared or paid. Net tangible assets per share fell to negative 0.63 cen...

Imagion Biosystems Issues New Shares and Options Under Capital Placement

Aug 18, 2026

Imagion Biosystems has issued 152,549,425 fully paid ordinary shares at $0.012 per share and 156,250,023 listed options expiring in December 2027 as part of a previously announced placement. The company lodged a cleansing notice under Section 708A of...

Imagion Biosystems Seeks ASX Quotation for Major New Share and Option Issue

Aug 18, 2026

Imagion Biosystems has applied for quotation on the ASX of over 152.5 million new ordinary fully paid shares and an equal volume of options expiring in December 2027. The newly issued securities, tied to a previously announced transaction, expand the...

Imagion Biosystems Issues Tranche 2 Shares and Confirms Regulatory Compliance

Aug 17, 2026

Imagion Biosystems has issued 108,521,193 fully paid ordinary shares as part of Tranche 2 of a previously announced placement, and has lodged a cleansing notice under Section 708A of the Corporations Act. The company confirms it has met its continuou...

Imagion Biosystems Seeks ASX Quotation for Over 108 Million New Shares

Aug 17, 2026

Imagion Biosystems Limited has applied for the quotation of 108,521,193 ordinary fully paid shares on the ASX, with the securities issued on August 17, 2026. The application, lodged as a new announcement, confirms the company’s intention to have thes...

Imagion Biosystems shareholders back capital raising and options at general meeting

Aug 10, 2026

Imagion Biosystems Limited has reported the results of a general meeting at which shareholders voted on a series of capital-related resolutions by poll. The meeting confirmed strong support for the company’s financing activities, with each resolution...

Imagion Biosystems Plans ASX Share Placement to Raise Capital

Jul 28, 2026

Imagion Biosystems Ltd. has notified the ASX of a proposed issue of up to 17,875,000 ordinary fully paid shares as part of a placement or similar capital-raising structure. The new securities are expected to be issued on 30 November 2026, with the co...

Imagion Biosystems Secures Short-Term Non-Dilutive Loan from Executive Chairman

Jul 28, 2026

Imagion Biosystems has secured a non-dilutive short-term funding facility through an unsecured loan agreement with its executive chairman, Robert Proulx, providing up to US$150,000 in working capital. The loan carries an 8% annual interest rate on dr...

Imagion Biosystems Moves to Fully Virtual General Meeting and Digital Communications

Jul 7, 2026

Imagion Biosystems Limited has called a virtual General Meeting for shareholders to be held on 10 August 2026 at 10:00am AEST via a webinar conferencing facility, with voting eligibility set for registered shareholders as at 8 August 2026. The compan...

Imagion Biosystems Extends Siemens Partnership for Pivotal MagSense Trial

Jul 6, 2026

Imagion Biosystems has renewed and extended its collaboration agreement with Siemens Healthineers to support its recently cleared Phase 1b/2 clinical trial of the MagSense HER2 breast cancer imaging agent. Siemens will provide in-kind MRI expertise a...

Imagion Biosystems issues new shares and lodges cleansing notice

Jul 2, 2026

Imagion Biosystems has issued 49,346,051 new fully paid ordinary shares at $0.012 per share as part of Tranche 1 of a previously announced placement, and has lodged a cleansing notice under Section 708A of the Corporations Act. The company confirms i...

Imagion Biosystems Seeks ASX Quotation for 49 Million New Shares

Jul 1, 2026

Imagion Biosystems has applied for quotation on the ASX of 49,346,051 new fully paid ordinary shares, with an issue date of 30 June 2026. The additional securities, issued under a previously announced transaction, will expand the company’s quoted sha...

Imagion Biosystems boosts director’s performance-based equity exposure

Jul 1, 2026

Imagion Biosystems Limited has updated the market on a change in director Robert Romeo Proulx’s interests, reflecting an expansion in his exposure to equity-based incentives. The update details his existing holdings in ordinary shares, listed options...

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: Sep 26, 2026