FTI

FORTIFAI FPO [FTI]
Fortifai Limited develops video games in Australia. It develops video games for consoles, PC, and mobile platforms and makes them available for customers through different app stores. The company was formerly known as Mighty Kingdom Limited and changed its name to Fortifai Limited in June 2025. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
Communication Services · ASX Small Cap
$0.7300 +12.3%

Updated 3 Sep 2026 · Signals refresh every scan

Appeared in 2 consecutive scansFirst seen: 2026-03-09
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Active Signals

Bullish Signals

  • MACD momentum is picking up steam
  • Bollinger Bands are tightening — volatility is coiling up for a potential breakout
  • Above-average volume (1.7x) on a green day — buyers stepping up
  • Beating the Small Ords index — relative strength of 1.16, so it's outpacing the pack
  • Trading above the 200-day average — the long-term trend is on your side
  • Strong cash runway (18 quarters)
  • Very high P/S ratio (82.3x)
  • Revenue in sharp decline (-52%)
  • Capital raise activity (1 events)
  • CANSLIM S: Tight float (20%)
  • CANSLIM I: Institutional ownership (14%)
  • Sentiment is mixed — no strong consensus either way
  • Strong long-term momentum — up 276% over the past year (excluding last month)
  • Excellent risk-adjusted returns — Sharpe of 2.0 means strong gains without wild swings
  • The bigger volume days are the up days — volume-weighted momentum is positive (2.04%/day)
  • Altman Z-Score grey zone (1.82, low-confidence approx)
  • Beneish M-Score -2.13 (grey zone -2.22 to -1.78): possible earnings manipulation
  • RBA hiking (-3pts)
  • Dilution risk: technical breakout with recent capital raise

Risk Signals

  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Deeply negative margins (-27%)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Revenue declining at -52% — the top line is shrinking
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Recent Catalysts

NONE Preliminary Final Report
NONE Proposed issue of securities - FTI
NONE Advisory Board Adds AI Product and Go-to-Market Leadership

Recent ASX Announcements

2026-08-31 Preliminary Final Report PRICE SENSITIVE
2026-08-26 Proposed issue of securities - FTI
2026-08-23 Advisory Board Adds AI Product and Go-to-Market Leadership
2026-08-09 Vice President of Finance Appointed
2026-08-07 Results of General Meeting

Key Metrics

$248.0M
Market Cap
846K
Avg Volume
1.7x
Vol Ratio
$0.13 — $1.26
52-Week Range
0.7%
Short Interest
N/A
Cash Runway
-28.6%
ROE
-27.0%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandpassFloat: 20%
LLeader vs LaggardlaggardRS: -3
IInstitutional SponsorshippassInst: 14%
MMarket DirectionneutralNeutral

Sector: Communication Services

34 tickers in this sector

View all Communication Services signals →Browse all ASX tickers A–Z →
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Compare:FTI vs GTNFTI vs SWPFTI vs AIM
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