4DS Memory (4DS) H2 2024 earnings summary

Executive summary

• Revenue increased to $41,037 for the year ended 30 June 2024, up 831% from $4,410 in the prior year, mainly from interest income.

• Net loss after tax was $5,450,713, a 6% improvement from $5,794,241 in the previous year.

• No dividends were declared or paid for the year.

• The company continued development of its Interface Switching ReRAM technology, achieving significant technical milestones and extending key collaborations.

Financial highlights

• Revenue: $41,037 (FY24) vs $4,410 (FY23), driven by interest income.

• Net loss: $5,450,713 (FY24) vs $5,794,241 (FY23), reflecting lower expenses.

• Basic and diluted loss per share: (0.31) cents (FY24) vs (0.38) cents (FY23).

• Cash and cash equivalents: $7,884,294 at 30 June 2024, up from $5,599,537.

• Net tangible assets per share: 0.45 cents (FY24) vs 0.35 cents (FY23).

Outlook and guidance

• The company did not provide specific financial guidance, citing potential prejudice to the Group.

• Ongoing collaboration with imec and Western Digital subsidiary HGST, with further platform lots and process optimization planned for 2024.