Atomos has released its Quarterly Activities/Appendix 4C Cash Flow Report. This Report is for the three-month period that ended 30 September 2025
(Q1 FY26), along with an update on notable events that have occurred subsequently.
The company has gone through quite a lot of restructuring and leadership changes over the last 4-5 years, and its new CEO, Peter Barber, has been working hard to turn things around. Atomos has financially delivered its first positive EBITDA quarter in over three years after an extensive operational overhaul.
The current stock price is $0.021 AU.
Key POINTS
- Q1’26 sales of $10.5m-highest sales since Q4’23
- Sales driven by strong demand for flagship Ninja and Shinobi products
- Q1’26 EBITDA of $0.25m1 – first EBITDA positive quarter since Q4’22
- Q1’26 cash receipts of $8.4m, which lag sales as September benefited from new product sales, with cash to be collected in October
- Net operating cash outflow of $1.1m, reflecting robust cost controls coupled with the finalisation of several legacy payment plans, onerous contracts, and other one-off expenses
- Sales momentum has continued into Q2 and based on current forward orders, Q2’26 sales expected to exceed Q1’26 with EBITDA profitability being maintained.
According to Barber, “Q1 was a strong result and validates the tireless work of our team in repositioning the business over the past 12 months. A key focus of the repositing has been on our product range and go-to-market strategy, both of which we believe are now far more robust and sustainable. Our omni-channel sales approach, including the recently launched D2C capability is having a positive impact on the brand experience and margin positioning, both of which we expect to further strengthen in future periods.”
Atomos’ cost base is now right-sized with headcount around 55 people and rigid controls around operating expenses. Despite this reduction in staff, Atomos states that they still maintain a strong engineering and R&D capability, and they have a more comprehensive product and sales strategy to ensure that they can maximise any investment that is made.
Outlook
Q1’26 sales momentum has continued into Q2, and based on current forward orders, Q2’26 sales are expected to exceed Q1’26 with EBITDA profitability being maintained. Driven by stronger sales, cash receipts are expected to improve in Q2 (compared to Q1) resulting in an improvement in net operating cashflow.
As of 30 September 2025, the Company has $1.5m of cash on hand, with a further $1.0m available to be drawn under the Monreii debt facility should it be required
Operational Update
On 23 July, Atomos announced the launch of the new Ninja TX, the first next-generation upgrade to the flagship monitor & recorder range. This model introduced significant upgrades, including a faster, quieter, more powerful, and feature-packed monitor, including 12G-SDI input and output, Wi-Fi and Bluetooth connectivity, and support for cloud-based workflows via Atomos’ integrated ATOMOSphere platform.
At IBC in September, the second next generation core range upgrade was announced, the Shinobi 7 RX, bringing camera control and integrated Wi-Fi receiving capabilities to the 7-inch model of the popular Shinobi monitor range.
In September 2025, Blackmagic Design announced that their DaVinci Resolve post-production software, one of the industry leaders in this category, would natively support the import of ProRes RAW files, making those files fully compatible with their workflow. This is a significant breakthrough for the industry and removes the need for workarounds, addresses concerns about format support, and reinforces ProRes RAW as a leading industry standard for high-quality, wide-dynamic range image capture from the sensors of the world’s leading camera makers.
For Atomos, as the Company that pioneered the professional monitor-recorder, this validates the decision made years ago to enable all Atomos monitor-recorders to unlock ProRes RAW from leading cameras, and empowers the range to now deliver an even more seamless workflow into popular post production software (such as Apple, Adobe and Blackmagic Design, among others). This announcement underscores the central role Atomos plays in the creative ecosystem by bridging the world’s best cameras with the world’s leading post-production platforms.
