iCetana Ltd. AI Stock Analysis
Want to see AU:ICE full AI Analyst Report?
iCetana Ltd. (ICE) AI Stock Analysis
iCetana Ltd.
(ASX:ICE)
The score is primarily held back by weak financial performance: persistent losses, inconsistent/negative gross margins, and ongoing cash burn outweigh the benefit of re-accelerating revenue growth and low leverage. Technicals are a relative bright spot with the price above key moving averages and neutral-to-positive momentum, but valuation remains difficult to support due to negative earnings and no dividend yield data.
iCetana Ltd. (ICE) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 28.57M
- Dividend Yield
- ―
- Average Volume (3M)
- 598.35K
- Price to Earnings (P/E)
- -6.5
- Beta (1Y)
- -0.64
- Revenue Growth
- 31.02%
- EPS Growth
- 25.00%
- Country
- Australia
- Employees
- 17
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Application
iCetana Ltd. Business Overview & Revenue Model
Company Description
iCetana Limited operates as a Software-as-a-Service (SaaS) firm, offering advanced video analytics solutions across diverse global regions including the Asia Pacific, North America, Europe, the Middle East, and Africa. The company's core activity inv...
iCetana Ltd. Financial Statement Overview
Summary
Despite a strong re-acceleration in revenue growth (2026: +29.975%), the company remains deeply loss-making with negative net margins and inconsistent/negative gross margins. Cash flow is a key weakness, with negative operating cash flow and free cash flow in every year shown and a larger cash outflow in 2026 vs. 2025. The balance sheet is a relative positive due to very low leverage, but profitability and cash sustainability remain the main constraints.
Income Statement
18Very NegativeBalance Sheet
62PositiveCash Flow
27Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.47M | 2.47M | 1.89M | 3.70M | 1.74M | 1.71M |
| Gross Profit | -2.45M | -2.45M | -1.95M | 2.13M | -1.91M | -2.47M |
| EBITDA | -4.00M | -4.00M | -3.35M | -2.38M | -2.68M | -3.54M |
| Net Income | -3.66M | -3.66M | -2.91M | -1.95M | -2.06M | -3.04M |
Balance Sheet | ||||||
| Total Assets | 6.64M | 6.64M | 5.37M | 2.68M | 2.39M | 3.13M |
| Cash, Cash Equivalents and Short-Term Investments | 4.79M | 4.79M | 3.90M | 1.48M | 994.15K | 2.02M |
| Total Debt | 79.05K | 79.05K | 75.67K | 83.55K | 83.07K | 76.34K |
| Total Liabilities | 2.86M | 2.86M | 2.21M | 1.82M | 1.98M | 1.70M |
| Stockholders Equity | 3.79M | 3.79M | 3.16M | 1.14M | 729.45K | 1.63M |
Cash Flow | ||||||
| Free Cash Flow | -3.01M | -3.01M | -2.47M | -1.58M | -1.56M | -1.93M |
| Operating Cash Flow | -2.96M | -2.96M | -2.42M | -1.54M | -1.39M | -1.91M |
| Investing Cash Flow | -53.15K | -53.15K | -50.43K | -40.39K | -164.13K | -20.06K |
| Financing Cash Flow | 3.75M | 3.75M | 4.92M | 2.07M | 629.76K | 2.44M |
iCetana Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ICE, the sentiment is Neutral. The current price of 0.04 is below the 20-day moving average (MA) of 0.05, below the 50-day MA of 0.04, and above the 200-day MA of 0.04, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 38.87 is Neutral, neither overbought nor oversold. The STOCH value of -25.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:ICE.
iCetana Ltd. Peers Comparison
Overall Rating
AU:CXZ76Outperform
AU:NXL75Outperform
AU:SPZ63Neutral
AU:1CG57.4Neutral
AU:AMX52Neutral- AU:ICE50Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:CXZ | 76Outperform | AUD 17.67M | 5.35 | 28.96% | ― | 4.70% | 6.82% |
| AU:NXL | 75Outperform | AUD 584.02M | 34.62 | 5.34% | ― | 18.83% | ― |
| AU:SPZ | 63Neutral | AUD 336.03M | 46.11 | 7.33% | ― | 63.33% | 12.84% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| AU:1CG | 57Neutral | AUD 9.15M | -11.67 | -22.87% | ― | 22.37% | 73.68% |
| AU:AMX | 52Neutral | AUD 34.67M | -12.09 | -18.57% | ― | 12.29% | 55.78% |
| AU:ICE | 50Neutral | AUD 28.57M | -6.51 | -140.01% | ― | 31.02% | 25.00% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:ICE | iCetana Ltd. | 0.04 | -0.01 | -15.69% | |
| AU:SPZ | Smart Parking Limited | 0.79 | -0.55 | -41.26% | |
| AU:CXZ | Connexion Telematics Limited | 0.02 | -0.00 | -7.69% | |
| AU:AMX | Aerometrex Ltd. | 0.37 | 0.07 | 21.31% | |
| AU:1CG | UUV Aquabotix Ltd. | 0.01 | 0.00 | 0.00% | |
| AU:NXL | Nuix Ltd. | 1.68 | -0.30 | -14.94% |
iCetana Ltd. Corporate Events
iCetana Highlights High-Margin AI Smart-Building Platform and Strategic Shareholder Base
iCetana’s AI platform serves as an intelligence layer for smart buildings, monitoring every connected camera across large security networks in more than 15 countries. With deployments on over 20,000 cameras at 80-plus sites and a partner-powered go-t...
Icetana AI lifts recurring revenue and expands global reach with new AI platform
Icetana AI reported a return to revenue growth in FY26, with revenue up 31% to $2.5 million and annual recurring revenue rising 33% to $2.6 million, supported by a high‑quality revenue mix dominated by SaaS subscriptions and maintenance fees. Net ARR...
icetana Reaffirms ASX-Aligned Governance Framework
icetana Ltd.’s board has reaffirmed its commitment to high standards of performance and corporate governance, aligning its policies largely with the ASX Corporate Governance Council’s fourth edition principles and recommendations. The company acknowl...
iCetana lodges ASX governance statement and confirms adherence to core board practices
iCetana Ltd. has lodged its corporate governance statement and completed Appendix 4G with the ASX for the financial year ended 30 June 2026, with the statement hosted on the company’s website. The filing confirms board approval and provides a central...
iCetana sets AGM proxies for key board and capital decisions
iCetana Ltd. has circulated a proxy voting form ahead of its Annual General Meeting scheduled for 26 November 2026 in Perth, outlining how shareholders can appoint proxies and lodge voting instructions. The document details procedures for directing v...
icetana moves to digital delivery for November shareholder meeting materials
icetana Ltd has called a General Meeting of shareholders to be held in Perth on 26 November 2026, with materials for the meeting made available electronically in line with provisions of the Corporations Act. The company is shifting away from dispatch...
icetana AI lifts recurring revenue 19% as Antara Core gains momentum
icetana AI reported a strong start to FY27, with annual recurring revenue rising 19 percent quarter-on-quarter to $3.1 million and 35 percent year-on-year, while quarterly revenue climbed 29 percent to $838,000 and 40 percent on an annual comparison....
iCetana Cash Burn Widens as Quarterly Outflows Cut Reserves to A$3.9m
iCetana Ltd. reported net operating cash outflows of A$712,000 for the quarter ended 30 September 2026, driven primarily by staff, product, and marketing costs exceeding customer receipts of A$910,000. Investing cash outflows of A$95,000 and financin...
icetana AI to brief investors on global growth in security surveillance software
icetana Limited, trading as icetana AI, develops self-learning security artificial intelligence software for large-scale surveillance networks and Security Operations Centers. Its scalable platform autonomously learns the normal behavior of each came...
Icetana AI Wins $675,000 Antara Core Deal With Major Australian Retail Property Group
Icetana AI has secured a $675,000, five-year software-as-a-service contract for its Antara Core platform via strategic partner Millennium Services Group, marking the third commercial sale of the product in three months. The deployment, for one of Aus...
iCetana Streamlines Capital Structure as Lapsed Options Are Removed
iCetana Ltd. has notified the market of the cessation of several series of options on its ordinary shares, following the lapse of conditional rights that could no longer be satisfied. The expired options, totaling 1,000,000 securities across multiple...
Icetana Grows Revenue but Widens Full-Year Loss, Holds Back Dividend
Icetana Limited reported a 31% increase in revenues from ordinary activities to $2.47 million for the year ended 30 June 2026, reflecting continued growth in uptake of its video analytics solutions. Despite the top-line improvement, the company’s los...
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