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Nova Eye Medical Limited designs, develops, manufactures, markets, and sells surgical devices for the treatment of glaucoma in Australia, the United States, Europe, the Asia Pacific, and internationally. The company operates through Glaucoma Surgical Devices and AlphaRET segments. It offers 2RT, a proprietary laser technology to treat patients in early and intermediate age-related macular degeneration for the treatment of retinal disease. The company offers iTrack, a glaucoma surgical device to reduce intraocular pressure in patients glaucoma; iTrack Advance; and Molteno3, a glaucoma drainage device to treat patients with severe or complex glaucoma. The company was formerly known as Ellex Medical Lasers Limited and changed its name to Nova Eye Medical Limited in July 2020. Nova Eye Medical Limited was incorporated in 1970 and is headquartered in Kent Town, Australia.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public information on Nova EYE Medical Ltd (ASX:EYE) is limited; the company appears to be a small-cap ophthalmic medical-technology and therapeutics developer. Long-term growth drivers may include demographic aging and higher prevalence of vision disorders; clinical, regulatory and commercialization progress could support value creation.
Principal risks include clinical or regulatory setbacks, funding constraints and limited liquidity, and competition from larger ophthalmology firms.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Income before tax | -4.33M | -9.06M | -8.79M | -17.00M | -8.25M |
| Net income | -4.33M | -9.06M | -8.79M | -15.29M | -7.50M |
| Selling general administrative | - | 1.85M | 11.78M | 11.26M | 10.04M |
| Selling and marketing expenses | - | 17.77M | 3.04M | 3.20M | 1.77M |
| Gross profit | 25.01M | 20.07M | 20.19M | 14.61M | 11.34M |
| Reconciled depreciation | - | 2.26M | 2.99M | 2.30M | 1.81M |
| Ebit | -4.38M | -11.25M | -8.97M | -5.74M | -9.70M |
| Ebitda | -2.21M | -8.98M | -5.98M | -3.44M | -7.89M |
| Depreciation and amortization | 2.17M | 2.26M | 2.99M | 2.30M | 1.81M |
| Operating income | -4.38M | -11.25M | -8.97M | -11.78M | -9.70M |
| Other operating expenses | 39.24M | 40.51M | 32.29M | -28.81M | -16.59M |
| Interest expense | 0.15M | 0.16M | 0.07M | - | 0.03M |
| Tax provision | - | 0.00M | 0.00M | -1.71M | -0.75M |
| Interest income | - | 0.08M | 0.12M | 0.08M | 0.03M |
| Net interest income | - | -0.07M | 0.05M | 0.05M | -0.03M |
| Income tax expense | - | - | -5.17M | -1.71M | -0.75M |
| Total revenue | 34.87M | 29.27M | 23.32M | 17.24M | 13.63M |
| Total operating expenses | 29.39M | 31.31M | 14.39M | 26.39M | 21.04M |
| Cost of revenue | 9.85M | 9.20M | 3.13M | 2.63M | 2.29M |
| Total other income expense net | 0.04M | 2.19M | 0.18M | -5.27M | 1.48M |
| Net income from continuing ops | - | -9.06M | -8.79M | -15.29M | -7.50M |
| Net income applicable to common shares | - | -9.06M | -8.79M | -15.29M | -7.50M |
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Total assets | 21.59M | 26.50M | 29.88M | 30.36M | 36.62M |
| Intangible assets | 9.20M | 6.86M | - | 8.45M | 7.17M |
| Other current assets | 0.31M | - | 0.23M | 1.15M | 1.85M |
| Total liab | 7.31M | 7.54M | 8.55M | 7.17M | 6.23M |
| Total stockholder equity | 14.28M | 18.97M | 21.33M | 23.19M | 30.40M |
| Deferred long term liab | - | - | - | 4.87M | 10.85M |
| Other current liab | 2.43M | - | 1.64M | 1.96M | 1.46M |
| Common stock | 59.10M | - | 52.71M | 45.17M | 37.44M |
| Capital stock | - | 58.94M | - | 45.17M | 37.44M |
| Retained earnings | -44.08M | -39.75M | -30.69M | -21.90M | -6.60M |
| Other liab | - | - | - | - | 0.97M |
| Other assets | - | - | - | 4.94M | 10.92M |
| Cash | 0.96M | 5.05M | 6.15M | 7.42M | 8.00M |
| Cash and equivalents | - | - | - | 7.42M | 8.00M |
| Total current liabilities | 5.53M | 5.15M | 5.68M | 6.27M | 3.86M |
| Current deferred revenue | - | - | - | -0.64M | -0.54M |
| Net debt | 1.43M | - | -2.80M | -5.89M | -6.06M |
| Short term debt | 0.61M | - | 0.48M | 0.64M | 0.54M |
| Short long term debt total | 2.39M | - | 3.35M | 1.53M | 1.94M |
| Other stockholder equity | - | - | - | -23.28M | -30.84M |
| Property plant equipment | - | - | - | 2.36M | 2.94M |
| Total current assets | 9.62M | 12.33M | 14.75M | 14.60M | 15.59M |
| Net tangible assets | - | - | - | 14.74M | 23.22M |
| Net receivables | 5.11M | 4.11M | 4.08M | 2.22M | 2.20M |
| Long term debt | - | - | - | 0.89M | - |
| Inventory | 3.24M | 2.81M | 4.28M | 3.81M | 3.54M |
| Accounts payable | 2.49M | 2.35M | 3.57M | 4.31M | 2.41M |
| Accumulated other comprehensive income | -0.75M | - | -0.69M | -0.09M | -0.44M |
| Non currrent assets other | - | - | 11.16M | 0.07M | 0.07M |
| Non current assets total | 11.96M | 14.18M | 15.13M | 15.76M | 21.04M |
| Capital lease obligations | - | 3.02M | - | 1.53M | 1.94M |
| Long term debt total | - | - | - | 0.89M | 1.40M |
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Investments | - | -0.36M | -0.33M | -0.70M | -4.54M |
| Change to liabilities | - | - | - | -0.43M | 0.54M |
| Total cashflows from investing activities | -0.39M | -0.36M | -0.33M | -0.70M | -4.54M |
| Net borrowings | - | - | - | -0.65M | -0.40M |
| Total cash from financing activities | -0.66M | 5.56M | 6.91M | 6.82M | -0.40M |
| Change to operating activities | - | - | - | 0.21M | 0.01M |
| Net income | -4.33M | -9.06M | -8.79M | -15.29M | -7.50M |
| Change in cash | -4.09M | -1.10M | -1.27M | -0.58M | -9.80M |
| Begin period cash flow | 5.05M | 6.15M | 7.42M | 8.00M | 17.80M |
| End period cash flow | 0.96M | 5.05M | 6.15M | 7.42M | 8.00M |
| Total cash from operating activities | -3.12M | -6.15M | -7.86M | -6.82M | -4.72M |
| Issuance of capital stock | - | 6.17M | 7.43M | 7.47M | - |
| Depreciation | 2.17M | - | 2.99M | 2.30M | 1.81M |
| Other cashflows from investing activities | - | -0.07M | -0.11M | -0.13M | -0.96M |
| Dividends paid | - | - | - | - | 0.00M |
| Change to inventory | -0.36M | 0.29M | -0.48M | -0.27M | -0.64M |
| Change to account receivables | -0.98M | -0.10M | -1.86M | -0.00M | 1.82M |
| Sale purchase of stock | - | 6.17M | 7.43M | 7.47M | 0.00M |
| Other cashflows from financing activities | -0.66M | - | -0.52M | -0.65M | -0.40M |
| Change to netincome | - | - | - | 5.98M | -1.42M |
| Capital expenditures | 0.23M | 0.43M | 0.45M | 0.80M | 5.59M |
| Change in working capital | -0.89M | -0.53M | -2.06M | -0.27M | 1.18M |
| Stock based compensation | - | - | 0.04M | 0.18M | 0.20M |
| Other non cash items | -0.06M | -5.62M | 0.00M | 6.17M | 0.97M |
| Free cash flow | -3.36M | -6.58M | -8.31M | -7.62M | -10.31M |
Sector: Healthcare Industry: Medical Devices
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| EYE Nova EYE Medical Ltd |
- -% |
0.15 | - | 70.92 | 1.14 | 2.69 | 1.14 | -3.96 |
| COH Cochlear Ltd |
2.26 1.50% |
152.98 | 68.64 | 27.40 | 4.30 | 5.34 | 3.97 | 28.09 |
| IMR Imricor Medical Systems Inc |
0.06 4.72% |
1.33 | - | - | 36401.21 | 17.45 | 4019.33 | -2.60 |
| AVR Anteris Technologies Global Corp |
0.50 5.88% |
9.00 | - | - | 356.02 | 2.19 | 130.34 | -5.20 |
| AVH Avita Medical Inc |
-0.11 2.13% |
5.06 | - | 9.97 | 9.59 | 7.17 | 6.76 | 15.37 |
Nova Eye Medical Limited designs, develops, manufactures, markets, and sells surgical devices for the treatment of glaucoma in Australia, the United States, Europe, the Asia Pacific, and internationally. The company operates through Glaucoma Surgical Devices and AlphaRET segments. It offers 2RT, a proprietary laser technology to treat patients in early and intermediate age-related macular degeneration for the treatment of retinal disease. The company offers iTrack, a glaucoma surgical device to reduce intraocular pressure in patients glaucoma; iTrack Advance; and Molteno3, a glaucoma drainage device to treat patients with severe or complex glaucoma. The company was formerly known as Ellex Medical Lasers Limited and changed its name to Nova Eye Medical Limited in July 2020. Nova Eye Medical Limited was incorporated in 1970 and is headquartered in Kent Town, Australia.
| Name | Title | Year Born |
|---|---|---|
| Mr. Victor Previn B.E., B.Eng | Founder & Exec. Chairman | 1958 |
| Mr. Thomas H. Spurling AM, BSc (Hons), FRACI, FTSE, Ph.D. | MD & Exec. Director | 1962 |
| Liam Cook | Chief Financial Officer | NA |
| Mr. Keith Byrne | VP of Global Operations | NA |
| Mark Flynn | Investor Relations | NA |
| Ms. Kate Hunt | Head of Marketing | NA |
| Dr. David Lubeck M.D. | Chief Medical Officer | NA |
| Mr. Bill Swaim | Pres of Laserex IS Ellex (USA) | NA |
| Mr. Joaquin V. Wolff | Pres of Ellex iTrack | 1958 |
| Ms. Kimberley Menzies | Group Financial Controller & Global Fin. Mang. | NA |
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