4DS Memory (4DS) H2 2025 earnings summary

Executive summary

• Loss after income tax increased to $9.68 million for FY25, up from $5.45 million in FY24, driven by higher research and development expenses and share-based payments.

• Major capital raising activities included a $6 million placement and a $2.6 million share purchase plan, supporting ongoing development and working capital.

• Key technical milestones included completion and analysis of the Fifth and Sixth Platform Lots, with the Sixth Lot's initial results not meeting expectations, prompting a root cause analysis.

• Strategic partnerships were maintained, including a renewed joint development agreement with Hitachi Global Storage Technologies and a new design agreement with Infineon Technologies LLC.

Financial highlights

• Revenue for FY25 was $305,160, with other income of $8,050 and interest income of $382,226.

• Total expenses rose significantly, with research expenses at $7.89 million (up from $3.59 million in FY24) and share-based payments of $412,240.

• Net operating cash outflow was $7.78 million, compared to $4.71 million in FY24.

• Cash and cash equivalents at year-end were $10.2 million, up from $7.88 million in the prior year.

• Basic and diluted loss per share was 0.52 cents, compared to 0.31 cents in FY24.

Outlook and guidance

• The company is engaging with partners to address technical challenges identified in the Sixth Platform Lot and will update shareholders as development progresses.

• No specific financial guidance provided due to potential prejudice to the group.