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Adisyn

AI1.AX
8
Information Technology Services · Technology
Price
A$0.14
-0.01 (-6.45%)
Market Cap
A$98.1M
Exchange
Australian Securities Exchange
Winston Score
8
Winston is worried
Weak fundamentals across most pillars.
Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.

Share count rising — dilution

+833.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 50.3M (2021) → 469.0M (2025)

Founded in 2012 and headquartered in Henderson, Australia, Adisyn Ltd, which adopted its current name in October 2023 after operating as DC Two Limited, delivers comprehensive managed technology solutions to small and medium-sized enterprises (SMEs) across Australia and the United Kingdom. The company's activities are organized into its Infrastructure and Managed Services and 2D Generation segments. Adisyn offers a wide array of services including managed IT support, cloud hosting, data center co-location, network management, and backup solutions. A significant focus is placed on cybersecurity, with offerings such as managed detection and response, around-the-clock incident handling, security engineering, simulated phishing campaigns, user awareness training, cyber threat intelligence, penetration testing, secure code reviews, red team and attack simulations, and CORIE services. Furthermore, Adisyn provides strategic advisory and planning services, covering service strategy, governance and compliance, risk management, security planning, service design and transition, and business continuity and disaster recovery planning. Its technical services span solution design and architecture, service desk support, on-site assistance, project management, procurement, and continuous monitoring via its Network Operations Center (NOC). Uniquely, Adisyn also commits to the research and development of advanced graphene-based semiconductor technologies.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-100.0% YoY

Revenue declining

EPS Growth

+46.3% YoY

Strong earnings growth

R&D Spend

$886,106/ year

27.2% of revenue

1.8x the sector average (15%)

Research and development spending

Cash Runway

~5 months

$5M cash & investments

Quarterly Free Cash Flow

Short runway — potential dilution ahead through share issuance

Cash watch

Adisyn has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
-24.0%
Thin — -24.0% gross margin
Operating Margin
-185.4%
Losing money on operations — -185.4%
ROCE
-13.2%
Weak — -13.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-40.7%
Shrinking sales (-40.7% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
N/A
Data not available

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-142.8%
Burning cash (-142.8%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.00
Conservative — low debt load (0.00)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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