ICE icetana limited

9.43%

5.8¢

A rare ASX artificial intelligence play, page-39

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18/06/25

07:11

Post #: 79470708
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Originally posted by Samyouel: ↑

I'd never heard of Icetana before yesterday, only noticing it when it had the huge move up. Looking through their previous 4Cs, can't say it's a thrilling financial picture. Not complete, but my first pass.

Revenue over the last 2 years has clearly been lumpy, but their dependency on raising cash via issuing equity is concerning. Near zero debt is great, but their staff costs are also insane when looking at their revenue.

Of note, the joint program with SoftBank is likely to accelerate the R&D spend IMO, even with the $1m in revenue. Management have reported this $1m over 3 years as about $300k per year, however, it is actually over 4 years. Naughty.

This agreement can be terminated after the first 12 months, with 40 days' notice. The fact that SoftBank offering '50-day free' to new customers is also strange to me when they are splashing out cash to Icetana. It will be confirmation that Icetana provide reliable value if this deal continues on in 12-months' time IMO.

Anyway, just my first pass read of the available numbers + the recent deal. Interested to hear others read on this company.

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Hey Samyouel, I have been looking through the QTR activity report and they report revenue that is inline with the half yearly reports, I am not sure why they do this but its worth going through the activity reports and half/annual reports to see more accurate cashflow.

ICE Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.8¢		Change 0.005(9.43%)		Mkt cap ! $30.84M

Open	High	Low	Value	Volume
5.3¢	6.2¢	5.3¢	$121.2K	2.061M

Buyers (Bids)

No.	Vol.	Price($)
2	17543	5.8¢

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Price($)	Vol.	No.
5.9¢	9706	1

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No.	Vol.	Price($)
2	17543	0.058
1	2107	0.056
2	220000	0.055
1	18500	0.054
1	15000	0.051

Price($)	Vol.	No.
0.060	196112	1
0.064	15000	1
0.065	30000	1
0.067	100000	1
0.068	30000	1

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