4DS Memory (4DS) H1 2025 earnings summary

Executive summary

• Reported net loss of $3.46 million for the half-year ended 31 December 2024, up from $1.78 million year-over-year.

• No dividends declared or paid during the period.

• Key operational progress includes shipment and analysis of the Fifth Platform Lot and ongoing development of the Sixth Platform Lot (20nm memory cell array).

• Entered a 15-month, US$4.5 million design agreement with Infineon for a custom ReRAM memory test chip.

• Raised $6 million via placement and announced a $2 million share purchase plan post-period end.

Financial highlights

• Revenue for the half-year was $7,323, with other income of $145,552 and interest income of $165,007.

• Operating loss increased to $3.45 million from $1.78 million year-over-year.

• Cash and cash equivalents at 31 December 2024 were $4.61 million, down from $7.86 million at 30 June 2024.

• Total assets decreased to $5.10 million from $8.37 million at 30 June 2024.

• Net cash used in operating activities was $3.18 million, up from $1.66 million year-over-year.

Outlook and guidance

• Sixth Platform Lot (20nm memory cell array) manufacturing and analysis expected in 1H 2025.

• Successful scaling to 20nm could position 4DS's technology as a generational memory.

• Funds from recent capital raise to support Infineon agreement, imec development, and working capital.

• No significant changes in state of affairs or new risks identified post-period end.