4DS Memory (4DS) Q1 2027 TU earnings summary

Executive summary

• Jenesys acquisition completed 9 Oct 2026 after shareholder approval; the strategy gives equal weight to Jenesys edge-AI software and 4DS PCMO ReRAM development for analogue in-memory computing (AIMC).

• Jaspal Sarai became Managing Director and CEO on completion; commercialisation is aimed at recurring software revenue across defence and commercial markets.

Financial highlights

• Cash and cash equivalents were A$6.597m at 30 Sep 2026, versus A$6.978m at the start of the quarter; the reported balance excludes the subsequent A$2.0m placement proceeds.

• Net operating cash outflow was A$384k; cash payments included A$6k R&D, A$60k business development, A$30k staff and board remuneration, A$356k administration and corporate costs, and A$67k transaction costs.

• Interest received was A$135k; financing activities added A$4k and exchange movements reduced cash by A$1k.

Outlook and guidance

• On the revised budget, the Board expects available funds to support the strategy for up to 18 months, prioritising ReRAM AIMC, Jenesys platform engineering and business development.

• Plans through Sep 2027 include targeting a first paid cleaning-robot engagement, progressing drone analytics and defence pilots, growing recurring licence revenue, and benchmarking Jenesys neural networks on an AIMC test environment.

• Plans are not forecasts; timing and outcomes depend on customer decisions, procurement and export approvals, technical results and funding.