4DS Memory (4DS) H2 2024 earnings summary

Executive summary

• Revenue increased to $382,226 for the year ended 30 June 2024, up 831% year-over-year, primarily from interest income and other ordinary activities.

• Net loss after tax narrowed to $5,450,713, a 6% improvement compared to the prior year.

• No dividends were declared or paid during the year.

• The company continued development of its Interface Switching ReRAM technology, achieving significant technical milestones, including successful megabit array demonstrations and improved memory cell performance.

• Collaboration agreements with imec and Western Digital subsidiary HGST were extended, supporting ongoing R&D.

Financial highlights

• Revenue: $382,226 (FY24) vs $41,037 (FY23), up 831%.

• Net loss after tax: $5,450,713 (FY24) vs $5,794,241 (FY23), a 6% reduction.

• Basic and diluted loss per share: (0.31) cents, improved from (0.38) cents in FY23.

• Cash and cash equivalents at year-end: $7,884,294, up from $5,599,537.

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

Outlook and guidance

• The company expects to continue its R&D focus, with further platform lots to be manufactured and tested in 2024, including the first 20nm memory cells.

• Directors did not provide specific financial guidance, citing potential prejudice to the group.