4DS Memory (4DS) Q4 2024 TU earnings summary

Executive summary

• Peter Himes appointed Chief Strategic Officer to drive strategic planning and commercialization efforts.

• 4DS signed its 11th consecutive Joint Development Agreement with HGST, a Western Digital subsidiary.

• Ongoing collaboration with imec for Fifth and Sixth Platform Lots, targeting 60nm and 20nm memory cells.

• Relaunched US and European market strategy, including website overhaul and analyst engagement.

• Preparing to join Edge AI and Vision Alliance, expanding industry presence.

Financial highlights

• Cash balance at 30 June 2024 was $7.884 million, down from $9.472 million at 31 March 2024.

• Net cash used in operating activities for the quarter was $1.551 million, including a contractual payment to imec.

• Year-to-date net cash used in operating activities totaled $4.714 million.

• $7.178 million raised from exercise of options during the year; $7.001 million net cash from financing activities.

• Estimated 5.09 quarters of funding available based on current cash burn.

Outlook and guidance

• Fifth Platform Lot delivery expected in late Q3 2024; Sixth Platform Lot in late Q4 2024.

• Participation in major industry events and alliances planned for Q3 and Q4 2024.

• Board and management to meet in the US in August for strategic planning.