4DS Memory (4DS) Q3 2025 TU earnings summary

Executive summary

• Successfully completed characterization and testing of the Fifth Platform Lot, optimizing memory cell array construction for 20nm scaling.

• Sixth Platform Lot, featuring the first 20nm memory cell array, has been manufactured and is in transit for analysis in Q2 2025.

• Entered a design agreement with Infineon Technologies LLC to develop a custom ReRAM memory test chip.

• Raised $6 million via placement and $2.6 million through a share purchase plan, both with attaching unlisted options.

• Maintains strategic partnerships with imec, Infineon, and HGST for technology development and commercialization.

Financial highlights

• Cash balance at 31 March 2025 was $9.081 million, up from $4.625 million at 31 December 2024.

• Net cash used in operating activities was $3.511 million for the quarter, higher than $1.647 million in the previous quarter.

• $8.6 million raised from equity issues during the quarter, with $562k in related transaction costs.

• Payments to related parties totaled $148k, including executive and director remuneration.

Outlook and guidance

• Preliminary analysis of the Sixth Platform Lot's 20nm memory cell array to occur in Q2 2025.

• Operating cash outflows expected to be lower in the June quarter.

• Ongoing collaboration with Infineon and imec may influence commercialization strategies into 2026.