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Ion Video (IOV) AI Stock Analysis

AU:IOV

Ion Video

(ASX:IOV)

Select Model
Rating:46Neutral
Price Target:AUD 0.54â–¼(-2.00% Downside)
Action:reiterated
Date:10/31/26

The overall score is severely constrained by the company's fundamental financial distress, which is the most significant factor. The business model is unprofitable with negative gross margins and massive cash burn, despite a recent balance sheet repair. While short-term technical momentum is bullish, this is a secondary factor that does not offset the critical risk of financial failure. The negative P/E ratio further confirms the lack of underlying value.

Positive Factors
Debt-free balance sheetA zero-debt balance sheet reduces mandatory interest and repayment obligations, giving Ion Video greater flexibility while it attempts to stabilize operations. This does not resolve the company’s losses, but it lowers immediate leverage pressure and preserves more options for restructuring or investment.
Negative Factors
Sharp revenue contractionA sharp decline in revenue weakens the foundation of Ion Video’s business model and reduces the scale available to absorb operating costs. Continued top-line instability could constrain product investment, delay operating leverage, and make a sustainable return to profitability more difficult.

Ion Video (IOV) vs. iShares MSCI Australia ETF (EWA)

-50%0%50%100%150%200%AU:IOV+129.17%EWA+14.93%Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
AUD 9.07M
Dividend Yield
―
Average Volume (3M)
61.44K
Price to Earnings (P/E)
-4.7
Beta (1Y)
0.63
Revenue Growth
-57.18%
EPS Growth
37.95%
Country
Australia
Employees
0
Sector
Technology
Sector Strength
61
Industry
Software - Application

Ion Video Business Overview & Revenue Model

Company Description

Ion Video Ltd engages in the development of technology products, software development, and commercialization and licensing of computer software in Australia. It offers Linius Video Virtualization Engine, a video virtualization engine; Whizzard Portal...

Ion Video Financial Statement Overview

Summary

Financial health is critically weak. The company has never generated a gross profit, with deeply negative margins (-13.14% in FY2026). Revenue collapsed 49% in FY2026, and operating cash flow is a severe -$3.21M, burning over $6 for every $1 of net loss. A recent recapitalization is the only positive, but the business is rapidly consuming its new equity.

Income Statement

8Very Negative

Balance Sheet

35Negative

Cash Flow

10Very Negative
Financial statement breakdown
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue852.92K336.34K785.42K811.12K228.91K250.75K
Gross Profit-4.21M-4.42M-2.37M811.12K228.91K250.75K
EBITDA-6.91M-5.38M-4.43M-4.25M-4.21M-8.32M
Net Income-7.65M-4.52M-5.01M-4.79M-5.24M-9.00M
Balance Sheet
Total Assets1.40M1.40M573.21K1.31M2.04M3.27M
Cash, Cash Equivalents and Short-Term Investments770.91K770.91K227.41K251.01K481.04K963.48K
Total Debt00350.00K001.31M
Total Liabilities541.95K541.95K2.81M1.51M1.26M2.53M
Stockholders Equity853.75K853.75K-2.24M-208.14K783.85K736.63K
Cash Flow
Free Cash Flow-5.57M0-2.74M-3.72M-3.60M-7.86M
Operating Cash Flow-5.57M-3.21M-2.74M-3.72M-3.60M-7.86M
Investing Cash Flow-193-3850000
Financing Cash Flow6.62M3.75M2.76M3.44M3.12M7.23M

Ion Video Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

AU:IOV against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
AU:NXLAU:NXL70OutperformAUD 613.22M36.355.34%―18.83%―
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
AU:ICEAU:ICE55NeutralAUD 28.57M-6.51-140.01%―31.02%25.00%
AU:DUBAU:DUB51NeutralAUD 16.27M-2.00-86.45%―-16.88%82.25%
AU:IOVAU:IOV46NeutralAUD 77.81M-4.72-622.89%―-57.18%37.95%
AU:UNTAU:UNT44NeutralAUD 9.23M-1.51-85.63%―-18.68%17.50%
AU:VR1AU:VR143NeutralAUD 35.45M-4.05-23.77%―10.62%36.67%

* Technology Sector Average

Performance Comparison

-50%0%50%100%150%AU:IOVAU:UNTAU:VR1AU:DUBAU:NXLAU:ICEFeb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AU:IOV and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
AU:IOVIon Video Ltd0.550.31129.17%
AU:UNTCrowd Media Holdings Limited0.01-0.00-15.38%
AU:VR1Vection Technologies Ltd.0.01-0.03-66.67%
AU:DUBDubber Corporation Limited0.01-0.01-50.00%
AU:NXLNuix Ltd.1.77-0.54-23.16%
AU:ICEiCetana Ltd.0.05-0.03-35.53%

Ion Video Corporate Events

Ion Video sets 2026 AGM to overhaul governance and incentives

Oct 30, 2026

Ion Video Ltd has called an annual general meeting for 30 November 2026 in Melbourne and outlined detailed proxy voting procedures for shareholders, including online, mail, email, facsimile and in‑person lodgement options. The notice reinforces...

ION Video Targets Nordic Data Centres and AWS in Push for Global Scale

Oct 28, 2026

ION Video has strengthened its position in the data centre and cloud markets by signing a strategic partnership with Swedish investment firm Priority Impact to commercialise its video technology in the Nordic region, and commencing a two‑phase...

Ion Video Halts Trading Ahead of Material Commercial Agreement Announcement

Oct 25, 2026

Ion Video has requested a trading halt in its securities on the ASX, effective from the start of trading on 26 October 2026, as it prepares to release details of a material commercial agreement. The halt is expected to last until either the announcem...

ION Video revamps board roles and pay as technology trials near

Oct 19, 2026

ION Video has reshaped its board and executive remuneration as it moves toward commercialisation of its patented video technology and upcoming partner-led, co-sponsored trials to validate its financial and technical capabilities. Director Brent Jones...

Ion Video Seeks ASX Quotation for New Ordinary Shares

Oct 12, 2026

Ion Video Ltd has applied for the quotation of 234,766 ordinary fully paid shares on the ASX, with the securities issued on October 5, 2026.The new shares, some of which were granted under an employee incentive scheme, will expand the company’s...

ION Video Raises Capital via Share Placement and Free-Attaching Options

Oct 6, 2026

ION Video Ltd has completed a placement of fully paid ordinary shares to professional and sophisticated investors at $0.40 per share, with one free-attaching option for every two shares subscribed, and has issued 7,627,500 shares and 3,813,750 option...

ION Video Issues New Shares, Lodges Cleansing Notice After Capital Raise

Oct 6, 2026

ION Video Limited has raised new equity by issuing 7,627,500 fully paid ordinary shares at $0.40 each to professional and sophisticated investors, alongside a package of free-attaching options exercisable at $1.00 and expiring in late 2027. The new s...

Ion Video Seeks ASX Quotation for 7.6 Million New Shares

Oct 6, 2026

Ion Video Ltd has applied for quotation on the ASX of 7,627,500 ordinary fully paid shares, with an issue date of October 5, 2026. The newly quoted securities, linked to previously announced transactions, expand the company’s listed share base...

ION Video Tightens Governance as Board Moves Toward ASX Best Practice

Sep 30, 2026

FY26 marked a significant governance transition for ION Video, with the Board acknowledging that several practices fell short of ASX Corporate Governance Council recommendations due to company size and board composition. Following the August 2026 app...

ION Video lodges ASX corporate governance statement for 2026

Sep 30, 2026

ION Video Ltd operates in the video technology and media services sector, with its securities listed on the ASX. The company is subject to the ASX Corporate Governance Council’s principles and recommendations and maintains a dedicated corporate...

Ion Video Publishes 2026 Annual Report After Rebrand from Linius

Sep 30, 2026

Ion Video Limited, formerly known as Linius Technologies Limited, is an ASX-listed video technology company headquartered in Melbourne. Its operations are conducted through the parent and controlled entities, reflecting a consolidated corporate struc...

Ion Video Issues New Employee Options to Support Long-Term Growth

Sep 29, 2026

Ion Video Ltd has notified the market of the issuance of 975,000 unquoted options under its employee incentive scheme, each expiring on December 31, 2029 with an exercise price of $0.20. The options, which are not intended to be quoted on the ASX, si...

Ion Video director adjusts holdings with disposal of unlisted options

Sep 21, 2026

Ion Video Limited has reported a change in the relevant interests of director Anthony Baker, primarily relating to his holdings in unlisted options tied to family trust and superannuation structures. The notice clarifies that Baker is a potential ben...

Ion Video Director Brent Jones Surrenders 1 Million Options

Sep 21, 2026

Ion Video has reported a change in the securities interests of director Brent Jones, who holds shares and options indirectly via entities Bucket 23 Pty Ltd, Unrandom Pty Ltd and Vonetta Pty Ltd. The filing details adjustments to his option holdings w...

Ion Video Plans Equity Placement and Option Issue on ASX

Sep 15, 2026

Ion Video Ltd, an ASX-listed video and media technology company trading under the ticker IOV, participates actively in Australia’s public equity markets. Its ordinary fully paid shares provide investors exposure to the company’s growth, w...

ION Video Raises $4.25m to Fund Technology Validation Program

Sep 15, 2026

ION Video Ltd has secured firm commitments for a $4.25 million oversubscribed equity placement at $0.40 per share, including $1.2 million from its board and management, to fund an accelerated technology validation strategy. The issue price represents...

Ion Video Seeks Trading Halt Ahead of Capital Raising

Sep 13, 2026

Ion Video Ltd, an ASX-listed video technology company, has requested a trading halt on its securities from the start of trading on 14 September 2026. The halt is expected to remain in place until either the commencement of normal trading on Wednesday...

Ion Video Cuts Potential Dilution as Multiple Options Expire

Sep 13, 2026

Ion Video Ltd operates in the technology and media sector, focusing on video-related products or services and is listed on the ASX under the ticker IOV. The company’s capital structure includes various classes of options and conditional rights...

Ion Video Files Preliminary FY2026 Results with ASX

Aug 31, 2026

Ion Video Limited has released its preliminary final report and financial statements for the financial year ended 30 June 2026. The Appendix 4E filing under ASX Listing Rule 4.3A outlines the company’s performance for FY2026 compared with FY202...

Ion Video Appoints New Director Without Equity Stake

Aug 24, 2026

Ion Video Ltd has appointed Dominic O’Hanlon as a director effective 19 August 2026, according to an initial director’s interest notice lodged with the ASX. The filing confirms that O’Hanlon currently holds no relevant interests in...

Ion Video Discloses New Director Clark Kirby’s Indirect Shareholding

Aug 24, 2026

Ion Video Ltd has disclosed the initial interest notice for newly appointed director Clark Kirby, in line with ASX listing rule 3.19A.1 and section 205G of the Corporations Act. The filing outlines Kirby’s holdings and clarifies that the inform...

Ion Video Discloses Final Director Interest as O’Hanlon Exits Board

Aug 24, 2026

Ion Video Ltd has disclosed that director Finbar O’Hanlon ceased to be a board member on 19 August 2026, in line with ASX listing rule 3.19A.3 and Corporations Act requirements. The company reported his remaining interests, including 220,320 fu...

ION Video Strengthens Board and Refocuses Founder on Innovation

Aug 18, 2026

ION Video has reshaped its leadership team to deepen technology and commercial expertise as it advances the rollout of its patented video virtualisation platform. The ASX-listed company operates in video technology and IP commercialisation, targeting...

Ion Video Director Converts Options to Increase Shareholding

Aug 3, 2026

Ion Video Limited has disclosed changes in director Anthony Baker’s interests in the company’s securities, reflecting both direct and indirect holdings through trust and superannuation entities. The filing highlights the company’s c...

Ion Video Director Brent Jones Converts Options into Shares

Aug 3, 2026

Ion Video Limited has reported a change in the equity holdings of director Brent Jones, who holds interests indirectly through entities including Bucket 23 Pty Ltd, Unrandom Pty Ltd and Vonetta Pty Ltd. The disclosure outlines the director’s up...

ION Video issues over 1.29 million shares on option exercise and lodges cleansing notice

Aug 3, 2026

ION Video Ltd has issued 1,292,580 fully paid ordinary shares following the exercise of an equal number of options, with the new shares ranking equally with its existing ordinary stock. The company has confirmed compliance with Australian corporate r...

Ion Video Seeks ASX Quotation for 1.29 Million New Shares

Aug 3, 2026

Ion Video Ltd has applied for quotation of 1,292,580 ordinary fully paid shares on the Australian Securities Exchange, with an issue date of August 3, 2026. The application under Appendix 2A signals a new batch of IOV securities entering the market,...

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 31, 2026