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Spirit Technology Solutions Ltd.
(Sydney:ITS)
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Rating:46Neutral
Price Target:
AU$0.23
▲(4.55% Upside)
Action:Reiterated
Date:09/06/26
The score is primarily held back by weak financial performance (notably the 2026 revenue decline, thin margins, and a return to operating losses with a large net loss). Technicals are mixed—some near-term strength but still below key longer-term averages—while valuation is difficult to support given the negative P/E and no dividend yield data.
Positive Factors
Lower leverage
Debt reduction and low leverage give Spirit greater financial flexibility than its recent earnings profile might suggest. A stronger equity base relative to assets can help the company fund operations, manage volatility, and pursue service investments without relying as heavily on additional borrowing.
Negative Factors
Revenue contraction
A substantial revenue decline after earlier weakness indicates pressure on demand, customer activity or the company’s ability to expand its service base. Continued contraction would reduce operating leverage, constrain investment capacity and make it harder for recurring offerings to offset weaker project or service volumes.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower leverage
Debt reduction and low leverage give Spirit greater financial flexibility than its recent earnings profile might suggest. A stronger equity base relative to assets can help the company fund operations, manage volatility, and pursue service investments without relying as heavily on additional borrowing.
Read all positive factors
Spirit Technology Solutions Ltd. (ITS) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$45.46M
Dividend YieldN/A
Average Volume (3M)35.59K
Price to Earnings (P/E)―
Beta (1Y)0.38
Revenue Growth-37.44%
EPS Growth-1340.48%
CountryAU
Employees36
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.12
Shares Outstanding193,432,190
10 Day Avg. Volume17,178
30 Day Avg. Volume35,595
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.89
Price to Sales (P/S)1.09
P/FCF Ratio21.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.48Price Target Upside118.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$73.00M
Spirit Technology Solutions Ltd. Business Overview & Revenue Model
Company Description
Infotrust Ltd engages in the provision of cyber security, and technology services and solutions in Australia. The company operates through three segments: Cloud and Communication, Cyber Security, and Secure Managed Technology. The Cyber Security s...
How the Company Makes Money
ITS primarily makes money by selling business-to-business IT and telecommunications services. Key revenue streams typically include: (1) Recurring managed services fees: ongoing monthly/annual charges for outsourced IT support (helpdesk, device/us...
Spirit Technology Solutions Ltd. Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 64.06M | 102.39M | 125.85M | 127.11M | 135.34M |
| Gross Profit | 5.62M | 15.87M | 11.61M | 12.60M | 12.24M |
| EBITDA | 1.58M | 7.62M | -6.23M | -8.22M | -46.22M |
| Net Income | -23.09M | -1.37M | -10.55M | -11.39M | -53.17M |
Balance Sheet | |||||
| Total Assets | 133.30M | 172.68M | 171.42M | 119.18M | 123.51M |
| Cash, Cash Equivalents and Short-Term Investments | 18.26M | 6.34M | 8.87M | 7.02M | 11.73M |
| Total Debt | 3.73M | 31.55M | 38.82M | 29.44M | 16.03M |
| Total Liabilities | 55.15M | 74.11M | 98.37M | 66.05M | 64.09M |
| Stockholders Equity | 78.15M | 98.57M | 73.05M | 53.13M | 59.42M |
Cash Flow | |||||
| Free Cash Flow | 3.20M | -2.54M | -4.39M | -4.43M | -767.00K |
| Operating Cash Flow | 4.09M | -2.19M | -4.13M | -3.73M | 3.61M |
| Investing Cash Flow | 36.30M | -17.42M | -16.14M | -11.03M | -1.36M |
| Financing Cash Flow | -28.47M | 17.08M | 22.11M | 10.05M | 993.00K |
Spirit Technology Solutions Ltd. Technical Analysis
Negative
0.22
Price Trends
0.26
Negative
0.29
Negative
0.37
Negative
Market Momentum
>-0.01
Positive
44.74
Neutral
24.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ITS, the sentiment is Negative. The current price of 0.22 is below the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.26, and below the 200-day MA of 0.37, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.74 is Neutral, neither overbought nor oversold. The STOCH value of 24.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ITS.
Spirit Technology Solutions Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$2.06B | 37.91 | 60.74% | 2.39% | 6.37% | 13.05% | |
63 Neutral | AU$30.38M | 37.35 | 6.26% | ― | 15.94% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | AU$33.05M | -207.55 | -5.34% | ― | 32.71% | 20.00% | |
46 Neutral | AU$45.46M | -1.94 | -28.68% | ― | -37.44% | -1340.48% | |
46 Neutral | AU$135.52M | -6.29 | -10.46% | ― | 17.03% | -326.15% | |
45 Neutral | AU$96.08M | -13.14 | -161.71% | ― | -36.84% | -100.00% |
* Technology Sector Average
AU:ITS
Spirit Technology Solutions Ltd.
0.24
-0.31
-56.88%
AU:CCA
Change Financial Ltd
0.04
-0.03
-38.03%
AU:ATA
Atturra Limited
0.37
-0.37
-50.00%
AU:ASV
Asset Vision
0.04
>-0.01
-2.22%
AU:DTL
Data#3 Limited.
13.27
4.55
52.13%
AU:DXN
DXN Ltd.
0.26
0.20
325.00%
Spirit Technology Solutions Ltd. Corporate Events
Spirit Technology’s Infotrust Unit Releases Comprehensive 2026 Annual Report
Sep 30, 2026
Spirit Technology Solutions Ltd. has released Infotrust’s Annual Report for 2026, detailing its financial performance, governance, and operational activities over the year. The report includes financial statements, directors’ and audit...
Infotrust Options Lapse, Simplifying ASX-Listed Capital Structure
Sep 25, 2026
Infotrust Ltd has notified the market of the cessation of 5,294,449 options (ITSAD) expiring on September 21, 2026, with an exercise price of $0.90, after the conditional rights attached to these securities lapsed. The lapse, due to conditions not...
Infotrust flags late director interest notice, reinforces disclosure controls
Sep 15, 2026
Infotrust Ltd has disclosed that a Change of Director’s Interest Notice for Managing Director and CEO Paul Timmins was lodged with the ASX later than required. The on‑market purchase of 369,000 fully paid ordinary shares on 3 September...
Infotrust sets date and director nomination deadline for 2026 virtual AGM
Sep 3, 2026
Infotrust Ltd has scheduled its 2026 Annual General Meeting for 4:00pm AEDT on Friday, 27 November 2026, to be held as a virtual event. The company will provide further details on access and meeting procedures closer to the date.In line with its c...
Infotrust Delivers FY26 Growth as Cyber-First Strategy Strengthens Balance Sheet
Aug 31, 2026
Infotrust Limited reported FY26 revenue of $64 million, representing around 10% growth compared with the prior year, and a market capitalisation of about $50 million at $0.25 per share. The company also highlighted a cash balance of roughly $18 mi...
Infotrust Issues New Unquoted Performance Rights Under Employee Scheme
Aug 31, 2026
Infotrust Ltd, listed on the ASX under the ticker ITS, operates within the technology and information services sector, though the filing provides limited detail on its specific product suite or customer markets. The company uses equity-based emplo...
Infotrust Performance Rights Lapse After Conditions Go Unmet
Aug 31, 2026
Infotrust Ltd, an ASX-listed technology and information services company trading under the code ITS, utilises performance rights within its capital structure to reward employees or executives based on meeting specified conditions. These equity-bas...
Infotrust Options Lapse Reduces Potential Future Dilution
Aug 6, 2026
Infotrust Ltd, an ASX-listed technology company trading under the ticker ITS, maintains a portfolio of ordinary shares and options to support its capital management and incentive programs. These securities reflect common structures in the tech sec...
Infotrust Issues Unquoted Performance Rights Under Employee Incentive Plan
Aug 5, 2026
Infotrust Ltd. has notified the market of the issue of 39,362 unquoted performance rights under its employee incentive scheme. These securities, classified as ITSAB performance rights, are subject to transfer restrictions and will not be quoted on...
Infotrust Performance Rights Lapse After Vesting Conditions Not Met
Aug 5, 2026
Infotrust Ltd. has notified the market of the lapse of 56,315 performance rights, designated as ITSAB securities, following the failure or inability to satisfy the conditions attached to these rights by 31 July 2026. The cessation reduces the comp...
Infotrust Announces Change in Company Secretary
Aug 4, 2026
Infotrust Ltd has announced the resignation of company secretary Nick Hornstein, effective 4 August 2026, in line with ASX disclosure requirements. Fellow company secretary Nina Mlinarevic will continue in the role and remains the designated point...
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.