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PainChek Ltd
(Sydney:PCK)
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Rating:40Underperform
Price Target:
AU$0.07
▼(-76.90% Downside)
Action:Downgraded
Date:10/24/26
The score is driven primarily by weak financial performance (large ongoing losses, worsening cash burn, negative equity and added debt) despite strong revenue growth and improved gross margin. Technicals add further downside risk with price below all key moving averages and very bearish momentum. Valuation provides limited support because the company is loss-making and no dividend yield is available.
Positive Factors
Strong Revenue Growth
Rapid revenue expansion indicates that PainChek is increasing commercial adoption of its digital pain assessment solutions. If this growth persists, a larger installed base could improve operating leverage and provide a stronger foundation for eventual profitability.
Negative Factors
Deep Ongoing Losses
Severe ongoing losses show that current revenue remains insufficient to cover the company’s operating cost base. Without a clear path to breakeven, continued growth may not translate into durable earnings and financial resources could remain constrained.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Rapid revenue expansion indicates that PainChek is increasing commercial adoption of its digital pain assessment solutions. If this growth persists, a larger installed base could improve operating leverage and provide a stronger foundation for eventual profitability.
Read all positive factors
PainChek Ltd (PCK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$15.48M
Dividend YieldN/A
Average Volume (3M)169.88K
Price to Earnings (P/E)―
Beta (1Y)1.12
Revenue Growth11.45%
EPS Growth0.69%
CountryAU
Employees25
SectorHealthcare
Sector Strength45
IndustryMedical - Healthcare Information Services
Share Statistics
EPS (TTM)-0.04
Shares Outstanding209,249,440
10 Day Avg. Volume254,819
30 Day Avg. Volume169,878
Financial Highlights & Ratios
PEG Ratio1.77
Price to Book (P/B)-15.11
Price to Sales (P/S)5.78
P/FCF Ratio-2.34
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PainChek Ltd Business Overview & Revenue Model
Company Description
PainChek Limited specializes in the creation and commercialization of mobile medical applications designed for individual pain assessment. Their core product, PainChek, employs smartphone and tablet cameras to record video, which is then analyzed ...
PainChek Ltd Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
22
Negative
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.74M | 3.36M | 2.67M | 1.95M | 978.57K |
| Gross Profit | 2.64M | 997.74K | 726.66K | 712.51K | -258.82K |
| EBITDA | -9.92M | -7.65M | -9.49M | -8.61M | -6.80M |
| Net Income | -8.94M | -7.67M | -8.31M | -7.57M | -5.72M |
Balance Sheet | |||||
| Total Assets | 7.63M | 2.15M | 4.18M | 2.80M | 6.65M |
| Cash, Cash Equivalents and Short-Term Investments | 5.99M | 1.62M | 3.56M | 2.51M | 6.14M |
| Total Debt | 4.25M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 9.06M | 3.26M | 2.89M | 2.13M | 1.83M |
| Stockholders Equity | -1.43M | -1.11M | 1.29M | 668.13K | 4.82M |
Cash Flow | |||||
| Free Cash Flow | -9.25M | -6.77M | -7.16M | -6.34M | -7.02M |
| Operating Cash Flow | -9.24M | -6.75M | -7.13M | -6.32M | -7.00M |
| Investing Cash Flow | -14.93K | -12.17K | -34.25K | -12.44K | -21.96K |
| Financing Cash Flow | 13.64M | 4.82M | 8.21M | 2.70M | 1.75M |
PainChek Ltd Technical Analysis
Negative
0.29
Price Trends
0.10
Negative
0.10
Negative
0.14
Negative
Market Momentum
>-0.01
Positive
8.71
Positive
10.42
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PCK, the sentiment is Negative. The current price of 0.29 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.10, and above the 200-day MA of 0.14, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 8.71 is Positive, neither overbought nor oversold. The STOCH value of 10.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PCK.
PainChek Ltd Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$593.84M | 35.10 | 21.61% | 1.74% | 6.95% | 10.77% | |
65 Neutral | AU$155.23M | 67.65 | 2.53% | ― | 26.61% | 41.67% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | AU$14.31M | -5.88 | -416.53% | ― | 113.42% | 29.17% | |
48 Neutral | AU$117.49M | -6.43 | -203.69% | ― | -1.53% | 28.29% | |
45 Neutral | AU$22.74M | -1.22 | -58.13% | ― | 2.08% | -195.31% | |
40 Underperform | AU$15.48M | -1.71 | -1688.04% | ― | 11.45% | 0.69% |
* Healthcare Sector Average
AU:PCK
PainChek Ltd
0.07
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-83.91%
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3.45
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0.14
-0.05
-26.32%
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0.08
-0.12
-61.50%
AU:ALC
Alcidion Group Limited
0.12
0.03
27.78%
AU:ICR
InteliCare Holdings Limited
0.02
>-0.01
-4.76%
PainChek Ltd Corporate Events
PainChek sharpens aged care focus as U.S. and U.K. deals lift recurring revenue
Oct 28, 2026
PainChek reported solid growth for the September 2026 quarter, with unaudited customer revenue rising 12.9% from the previous quarter to $1.210 million and 42.4% year on year, while customer retention improved to 90% and activated licences reached...
PainChek reshapes board as long-serving director John Murray retires
Oct 25, 2026
PainChek has announced the retirement of non-executive director and former chair John Murray, who leaves the board after a decade in which he oversaw the company’s evolution from an early-stage technology developer to a commercial business w...
PainChek issues 2.2 million unquoted performance rights under employee incentive plan
Oct 13, 2026
PainChek Ltd has notified the market of the issue of 2,200,000 unquoted performance rights under its employee incentive scheme, recorded as Appendix 3G with the ASX. The new securities, designated as PCKAA performance rights and issued on 8 Octobe...
PainChek accelerates U.S. push with Sabra memory care rollout
Oct 12, 2026
PainChek has expanded its commercial footprint in the U.S. through Sabra Health Care REIT, growing from two initial Traditions memory care facilities to 23 communities across five national operators, with 808 contracted memory care licences. The r...
PainChek Director Increases Shareholding Through Performance Rights Conversion
Sep 30, 2026
PainChek Limited has reported a change in director Adam Davey’s interests following the conversion of 48,426 performance rights into fully paid ordinary shares. As a result, Davey’s direct holding increased to 105,084 shares, while his...
PainChek adds 242,130 new shares to ASX quotation
Sep 30, 2026
PainChek Ltd has applied for quotation of 242,130 new ordinary fully paid shares on the Australian Securities Exchange, under the ticker PCK, following the exercise or conversion of existing options or other convertible securities. The modest issu...
PainChek Sets 2026 AGM Date and Outlines Shareholder Participation Rules
Sep 30, 2026
PainChek Ltd has scheduled its Annual General Meeting for shareholders at 3 p.m. AEDT on Wednesday, 4 November 2026, to be held at its Sydney offices. The notice outlines the formal business of the meeting, including resolutions and explanatory ma...
PainChek Details 2026 Corporate Governance Framework and ASX Compliance
Sep 23, 2026
PainChek has released its 2026 Corporate Governance Statement, outlining how its board oversees management and aligns with the ASX Corporate Governance Council’s latest principles and recommendations. The document details formal structures s...
PainChek Eyes Next Growth Phase on Recurring Revenue and U.S. Access
Sep 23, 2026
PainChek signalled that the 2026 financial year marks the start of its next growth phase, leveraging an established customer base and rising recurring revenue. The company highlighted that securing regulatory access in the U.S. and other regions i...
PainChek Details Director Ross Harricks’ Holdings After Board Exit
Sep 8, 2026
PainChek Limited has disclosed a final director’s interest notice following the resignation of director Ross Harricks on 1 September 2026. The filing outlines Harricks’ remaining holdings in the company, including fully paid ordinary s...
PainChek to Brief Investors on Global AI Pain Platform Expansion and U.S. Growth Strategy
Sep 3, 2026
PainChek Ltd, a healthcare technology company specialising in AI-driven pain assessment tools, is expanding its presence across key international healthcare markets following regulatory clearances in regions including Australia, Europe, and the Un...
PainChek posts higher revenue but deeper loss as going-concern flagged
Aug 28, 2026
PainChek Ltd reported total revenue of $4.9 million for the year ended 30 June 2026, a modest increase of 2% on the prior year, supported by higher core revenue and interest income but offset by a reduction in grants. The company’s net loss ...
PainChek flags growth momentum and U.S. push ahead of investor webinar
Aug 7, 2026
PainChek Ltd, a medical device and AI-enabled pain assessment specialist, is expanding its global footprint with regulatory clearances across multiple regions including recent FDA De Novo clearance in the United States, and has built a substantial...
PainChek Updates Performance Rights Following Share Consolidation
Aug 5, 2026
PainChek Ltd has updated its previously reported figures for unquoted performance rights following a recent share consolidation, revising the allocations for several key individuals, including J. Murray, R. Harricks, C. Payne and A. Davey. The tot...
PainChek Updates Director Adam Davey’s Equity and Performance Rights Holdings
Aug 5, 2026
PainChek Limited has disclosed a change in director Adam Davey’s interests in the company’s securities, reflecting an updated mix of fully paid ordinary shares and newly issued performance rights. The adjustments include both direct an...
PainChek turns market access into revenue as U.S. rollout begins
Jul 29, 2026
PainChek reported steady operational growth in the June quarter, with implemented licences rising 5.9% to 90,198 and implemented annual recurring revenue reaching $4.46 million across nearly 2,000 active customer sites. Clinical usage continued to...
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.